Korn/Ferry International (NYSE:KFY) Downgraded to “Hold” Rating by Wall Street Zen

Korn/Ferry International (NYSE:KFY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts also recently weighed in on KFY. The Goldman Sachs Group decreased their target price on Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korn/Ferry International in a research report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.67.

Korn/Ferry International Price Performance

NYSE:KFY opened at $68.27 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.14 and a quick ratio of 2.14. Korn/Ferry International has a one year low of $59.23 and a one year high of $78.50. The company has a fifty day moving average price of $66.89 and a 200 day moving average price of $70.35. The stock has a market cap of $3.56 billion, a P/E ratio of 13.85 and a beta of 1.34.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Tuesday, December 9th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. The company had revenue of $729.80 million for the quarter, compared to analyst estimates of $705.16 million. Korn/Ferry International had a net margin of 9.21% and a return on equity of 14.53%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. Korn/Ferry International has set its Q3 2026 guidance at 1.19-1.250 EPS. Analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International declared that its Board of Directors has approved a share repurchase program on Thursday, September 18th that allows the company to buyback $331.40 million in shares. This buyback authorization allows the business services provider to buy up to 8.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Korn/Ferry International

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of Korn/Ferry International by 1,385.2% during the first quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider’s stock valued at $13,733,000 after acquiring an additional 188,829 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Korn/Ferry International by 29.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,041 shares of the business services provider’s stock worth $521,000 after purchasing an additional 1,587 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Korn/Ferry International by 7.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,487,048 shares of the business services provider’s stock worth $109,908,000 after purchasing an additional 98,548 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Korn/Ferry International by 6.6% during the 2nd quarter. Pzena Investment Management LLC now owns 818,329 shares of the business services provider’s stock valued at $60,008,000 after purchasing an additional 50,371 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Korn/Ferry International in the second quarter valued at about $463,000. 98.82% of the stock is owned by institutional investors and hedge funds.

About Korn/Ferry International

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.