Korn/Ferry International $KFY Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Korn/Ferry International (NYSE:KFYFree Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,262,737 shares of the business services provider’s stock after purchasing an additional 12,882 shares during the quarter. Geode Capital Management LLC’s holdings in Korn/Ferry International were worth $83,378,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Korn/Ferry International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider’s stock valued at $406,649,000 after purchasing an additional 44,425 shares during the period. Wellington Management Group LLP increased its stake in Korn/Ferry International by 48.3% in the third quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock valued at $243,221,000 after purchasing an additional 1,132,473 shares during the period. Invesco Ltd. increased its stake in Korn/Ferry International by 1.1% in the third quarter. Invesco Ltd. now owns 1,493,922 shares of the business services provider’s stock valued at $104,545,000 after purchasing an additional 16,519 shares during the period. Thrivent Financial for Lutherans increased its stake in Korn/Ferry International by 1.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 850,032 shares of the business services provider’s stock valued at $56,119,000 after purchasing an additional 13,670 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Korn/Ferry International by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 729,663 shares of the business services provider’s stock valued at $53,505,000 after purchasing an additional 8,637 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KFY has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings upgraded shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, UBS Group boosted their price target on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Get Our Latest Report on KFY

Korn/Ferry International Trading Up 0.1%

Shares of Korn/Ferry International stock opened at $72.41 on Monday. Korn/Ferry International has a 52-week low of $58.95 and a 52-week high of $78.50. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. The company’s 50-day simple moving average is $66.04 and its 200-day simple moving average is $65.58. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 14.31 and a beta of 1.21.

Korn/Ferry International (NYSE:KFYGet Free Report) last issued its quarterly earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The business had revenue of $725.04 million for the quarter, compared to analyst estimates of $692.45 million. During the same period in the previous year, the business posted $1.19 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Korn/Ferry International will post 5.29 earnings per share for the current year.

Korn/Ferry International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Korn/Ferry International (NYSE:KFY)

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