Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors. It also offers organizational strategy, assessment and succession, leadership and professional development, and total reward services. In addition, the company provides RPO, project recruitment, professional search, and outsource recruiting solutions. Further, the company offers an artificial intelligence machine-learning platform to identify structures, roles, capabilities, and behaviours needed to generate insight and recommend action. It serves public and private companies, and middle market and emerging growth companies, as well as government and non-profit organizations. The company was formerly known as Korn/Ferry International and changed its name to Korn Ferry in January 2019. Korn Ferry was founded in 1969 and is based in Los Angeles, California.
IPO Year: 1999
Exchange: NYSE
Website: kornferry.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/29/2024 | Mkt Perform → Outperform | William Blair | |
| 9/15/2023 | $53.00 | Neutral | UBS |
| 11/25/2022 | Outperform → Mkt Perform | William Blair | |
| 6/23/2021 | $57.00 → $65.00 | Neutral | Credit Suisse |
| 6/23/2021 | $78.00 → $89.00 | Outperform | Baird |
Korn Ferry (NYSE:KFY), a global organizational consulting firm, today announced that it has closed its acquisition of UK-based Trilogy International. Headquartered in London, Trilogy is a leading provider of digital interim talent across EMEA and in the United States. Through the combination with Trilogy, Korn Ferry's Professional Search & Interim business will extend its ability to scale its solutions at the intersection of talent, transformation and strategy. "We're pleased to have Trilogy join Korn Ferry. Trilogy operates at the forefront of change, in a large addressable market. The company's highly relevant digital interim professional offerings, combined with a broad EMEA footprint
Laurent David Joins to Lead Firm's Interim Talent Business in France Korn Ferry (NYSE:KFY) today announced that it is expanding its Interim Talent operation into France. As part of this expansion, the firm also announced that Laurent David has joined Korn Ferry to lead this solution in France. He is based in the firm's Paris office. David joins Korn Ferry from a European interim talent management firm where he led the digital & technology and sales & marketing practices. He brings to the firm more than 20 years of experience across the media, telecommunications, sport and entertainment sectors, with vast interim credentials as a senior leader across multiple organizations. "Organizations
Korn Ferry (NYSE:KFY) today announced that Russ Hagey, a long-tenured leader at Bain & Company, has been elected to the company's board of directors. Hagey brings to Korn Ferry's board extensive talent management and consulting experience, having served at Bain & Company for more than four decades, most recently as a Senior Partner and the company's Chief Leadership Officer and prior to that as its Worldwide Chief Talent Officer. Hagey also has public and private company board experience. Throughout his career at Bain & Company, Hagey has consulted with diverse slates of clients in multiple industries, including large corporations, as well as venture and private equity-backed entities. Hi
Korn Ferry Also Received Top Honors for Size of Deals and Quality of Service Global organizational consulting firm Korn Ferry (NYSE:KFY) has been recognized as the No. 1 Recruitment Process Outsourcing (RPO) provider by HRO Today's Baker's Dozen Customer Satisfaction Rating. The annual list, based on an extensive survey and rating of RPO buyers, evaluates several factors including breadth of service, deal sizes and quality of service. In addition to being the No. 1 overall RPO provider, Korn Ferry was recognized by the panel of customer respondents as the leader for both its size of deals and quality of service. Korn Ferry was also recognized as a leading provider in healthcare RPO and fo
Korn Ferry (NYSE:KFY) has been named one of the "Top 80 Companies for Executive Women" in 2024 by Seramount. The list highlights the top workplaces for women who want to advance their careers and celebrates companies that champion women's achievements. "We are honored to be recognized for the fifth year in a row by Seramount as a top company for executive women," said Linda Hyman, Korn Ferry Executive Vice President of Global Human Resources. "Korn Ferry is committed to fostering an inclusive environment where female professionals, and all global colleagues, can thrive and succeed. I am proud of our culture, programs, and the opportunities we offer and look forward to continued progress."
Highlights Korn Ferry reports Q1 FY'25 fee revenue of $674.9 million, a year-over-year decrease of 3% (down 2% on a constant currency basis). Executive Search fee revenue grew 2% year-over-year (up 3% at constant currency). Fee revenue for Consulting and Digital was flat year-over-year (up 1% and 2%, respectively, at constant currency), continuing to demonstrate stability in a challenging market. Net income attributable to Korn Ferry was $62.6 million, while diluted and adjusted diluted earnings per share were $1.17 and $1.18 in Q1 FY'25, respectively. Operating income was $76.1 million and Adjusted EBITDA was $111.2 million. Operating margin increased 320bps year-over-y
Korn Ferry (NYSE:KFY) today announced that the firm will release financial results for the first quarter of fiscal year 2025 (ended July 31, 2024) on Thursday, September 5, 2024. A press release will be issued before the market opens on Thursday, September 5, 2024 followed by a live webcast at 12:00 pm EDT. What: Korn Ferry to Report Q1 FY2025 Earnings Investor Live Webcast When: 12:00 pm EDT on Thursday, September 5, 2024 Where: Live audio webcast and accompanying slides will be available at the following site: https://ir.kornferry.com/events-and-presentations About Korn Ferry Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal orga
Korn Ferry (NYSE:KFY) today announced it is participating in the Goldman Sachs 2024 Communacopia + Technology Conference on Tuesday, September 10, 2024. Korn Ferry EVP, Chief Financial Officer and Chief Corporate Officer Robert Rozek and Mathias Herzog, Head of Korn Ferry's Digital business and President of the firm's Global Technology Practice, will participate in a presentation beginning at 6:05 p.m. EST. The event will be broadcast live and accessible to the general public here. The event can also be accessed through Korn Ferry's Investor Relations website: Investor Relations: Korn Ferry (KFY). An audio replay will be available after the event at the same website address. About Kor
Global organizational consulting firm Korn Ferry (NYSE:KFY) today announced that it has been recognized as the highest designated Leader and a Star Performer in Asia Pacific in Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment. The report highlights Korn Ferry's excellent track record executing single-country and global deals in the Asia Pacific region. The report affirms Korn Ferry's expertise in hiring across the employment spectrum and various industries, including a portfolio of buyers from hi-tech and telecom, pharmaceutical and life sciences, and the retail and manufacturing sectors. In addition to receiving top honors in the Asia Pacific regio
Korn Ferry (NYSE:KFY) has been named a "2024 100 Best Companies for Working Parents" by Seramount. Seramount honors companies that offer inclusive family benefits for employees. Korn Ferry received the distinction for providing employees in the United States a wide range of inclusive family benefits, including paid gender-neutral parental leave, subsidized childcare, flexible work arrangements when returning to work, fertility benefits and mental health benefits. "We're honored to be named one of the best companies for parents by Seramount for the sixth year in a row. The recognition reflects our firm's continued commitment to inclusion as a core value that makes us a premier career des
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Korn Ferry (NYSE:KFY), a global organizational consulting firm, today announced that it has appointed Jeanne MacDonald as Chief Executive Officer, Recruitment Process Outsourcing (RPO) and Mathias Herzog will assume leadership of the firm's Digital Solution. "Jeanne and Mathias are proven executives, and we are thrilled to have people of their caliber lead these offerings," said Gary D. Burnison, CEO, Korn Ferry. "Jeanne is the natural choice to lead RPO after years of overseeing Global RPO Solutions and playing a fundamental role in the business's commercial and financial success. Mathias brings in-depth consulting and technology expertise that will help further the digitization of our o
Korn Ferry (NYSE:KFY) today announced the election of a new member to its Board of Directors, in addition to the appointment of a new Non-Executive Chair. Charles Harrington joins as a Board Director. Christina Gold, who has served on the firm's Board since 2014, and most recently as the Non-Executive Chair since 2019, retires from the Board. Current Board member Jerry Leamon succeeds Ms. Gold as Non-Executive Chair as part of a planned succession. George Shaheen retires from the Board after more than 12 years of total service, including as Non-Executive Chair from 2012 to 2019. Harrington brings to Korn Ferry's Board extensive experience in strategy development and execution, tra
William Blair upgraded Korn/Ferry from Mkt Perform to Outperform
UBS initiated coverage of Korn/Ferry with a rating of Neutral and set a new price target of $53.00
William Blair downgraded Korn/Ferry from Outperform to Mkt Perform
Credit Suisse reiterated coverage of Korn Ferry with a rating of Neutral and set a new price target of $65.00 from $57.00 previously
Baird reiterated coverage of Korn Ferry with a rating of Outperform and set a new price target of $89.00 from $78.00 previously
Truist Securities reiterated coverage of Korn Ferry with a rating of Buy and set a new price target of $88.00 from $80.00 previously
Truist reiterated coverage of Korn Ferry with a rating of and set a new price target of $80.00 from $48.00 previously
Highlights Korn Ferry reports Q1 FY'25 fee revenue of $674.9 million, a year-over-year decrease of 3% (down 2% on a constant currency basis). Executive Search fee revenue grew 2% year-over-year (up 3% at constant currency). Fee revenue for Consulting and Digital was flat year-over-year (up 1% and 2%, respectively, at constant currency), continuing to demonstrate stability in a challenging market. Net income attributable to Korn Ferry was $62.6 million, while diluted and adjusted diluted earnings per share were $1.17 and $1.18 in Q1 FY'25, respectively. Operating income was $76.1 million and Adjusted EBITDA was $111.2 million. Operating margin increased 320bps year-over-y
Fourth Quarter and Full Year Highlights Korn Ferry reports Q4 FY'24 fee revenue of $690.8 million, a year-over-year decrease of 5% in both actual and constant currency and full year FY'24 fee revenue of $2,762.7 million, a year-over-year decrease of 3% in both actual and constant currency. Our full year FY'24 Marquee and Regional Account fee revenue generated slightly more than 37% of our consolidated fee revenue and grew 3% year-over-year at actual, and 2% at constant currency. Net income attributable to Korn Ferry for the fourth quarter and full year of FY'24 was $65.2 million and $169.2 million, respectively, while diluted and adjusted diluted earnings per share were $1.24 and $
Highlights Korn Ferry reports Q3 FY'24 fee revenue of $668.7 million, a year-over-year decrease of 2% at both actual and constant currency. Net income attributable to Korn Ferry was $59.1 million, while diluted and adjusted diluted earnings per share were $1.13 and $1.07 in Q3 FY'24, respectively. Operating income was $49.9 million with an operating margin of 7.5%, a 570bps increase compared to year-ago quarter, and Adjusted EBITDA was $101.7 million with an Adjusted EBITDA margin of 15.2%, a 110bps increase compared to year-ago quarter. Consulting and Digital continued to show resilient business operations: Consulting fee revenue grew 3% year-over-year with a 12% increase in
Highlights Korn Ferry reports Q2 FY'24 fee revenue of $704.0 million, a decrease of 3% (5% at constant currency) from Q2 FY'23. Net loss attributable to Korn Ferry was $1.7 million in Q2FY'24, which includes a $52.8 million charge, net of tax, primarily relating to restructuring actions taken to realign our workforce due to the current challenging macroeconomic business environment, while diluted loss per share and adjusted diluted earnings per share were $0.04 and $0.97 in Q2 FY'24, respectively. Operating income was $22.8 million (operating margin of 3.2%) and Adjusted EBITDA was $98.5 million (Adjusted EBITDA margin of 14.0%), in Q2 FY'24. Continued fee revenue resilience in
Highlights Korn Ferry reports Q1 FY'24 fee revenue of $699.2 million, essentially flat from Q1 FY'23. Net income attributable to Korn Ferry was $46.6 million, while diluted and adjusted diluted earnings per share were $0.89 and $0.99 in Q1 FY'24, respectively. Operating income was $56.8 million (operating margin of 8.1%) and Adjusted EBITDA was $95.7 million (Adjusted EBITDA margin of 13.7%), in Q1 FY'24. The Company repurchased 90,000 shares of stock during the quarter for $4.2 million. Declared a quarterly dividend of $0.18 per share on September 6, 2023, which is payable on October 13, 2023 to stockholders of record on September 22, 2023. Korn Ferry (NYSE:KFY), a global
Highlights Korn Ferry reports Q4 FY'23 fee revenue of $730.9 million, an increase of 1% (up 3% on a constant currency basis) compared to Q4 FY'22 and full year FY'23 fee revenue of $2,835.4 million, an increase of 8% (up 12% on a constant currency basis) compared to FY'22. Net income attributable to Korn Ferry for the fourth quarter and full year of FY'23 was $47.5 million and $209.5 million, respectively, while diluted and adjusted diluted earnings per share were $0.91 and $1.01 in Q4 FY'23, and were $3.95 and $4.94 for the full year, respectively. Operating income and Adjusted EBITDA were $72.6 million (operating margin of 9.9%) and $97.9 million (Adjusted EBITDA margin of 13.4
Highlights Korn Ferry reports fee revenue of $680.8 million in Q3 FY'23, essentially flat (increase of 4% at constant currency) from Q3 FY'22. Net income and adjusted net income attributable to Korn Ferry were $11.2 million and $53.0 million in Q3 FY'23, while diluted and adjusted diluted earnings per share were $0.21 and $1.01 in Q3 FY'23, respectively. Operating income and Adjusted EBITDA were $12.5 million (operating margin of 1.8%) and $96.1 million (Adjusted EBITDA margin of 14.1%), respectively, in Q3 FY'23. The Company repurchased 462,500 shares of stock during the quarter for $25.0 million. Declared a quarterly dividend of $0.15 per share on March 7, 2023, which is pay
Highlights Korn Ferry reports fee revenue of $727.8 million in Q2 FY'23, an increase of 14% (20% at constant currency) from Q2 FY'22 and a sequential increase of 5% (7% on a constant currency basis) from Q1 FY'23. Net income attributable to Korn Ferry was $73.5 million in Q2 FY'23, while diluted and adjusted diluted earnings per share were $1.38 and $1.43 in Q2 FY'23, respectively. Operating income and Adjusted EBITDA were $119.6 million (operating margin of 16.4%) and $131.1 million (Adjusted EBITDA margin of 18.0%), respectively, in Q2 FY'23. The Company repurchased 622,500 shares of stock during the quarter for $33.1 million. Declared a quarterly dividend of $0.15 per share on
Highlights Korn Ferry reports fee revenue of $695.9 million in Q1 FY'23, an increase of 19% (24% on a constant currency) from Q1 FY'22. Net income attributable to Korn Ferry was $77.2 million in Q1 FY'23, while diluted and adjusted diluted earnings per share were $1.45 and $1.50 in Q1 FY'23, respectively. Operating income and Adjusted EBITDA were $111.6 million (operating margin of 16.0%) and $132.2 million (Adjusted EBITDA margin of 19.0%), respectively, in Q1 FY'23. The Company repurchased 370,000 shares of stock during the quarter for $22.4 million. On August 1st, 2022, Korn Ferry completed the acquisition of Infinity Consulting Solutions, which will be included in the Professi
Korn Ferry (NYSE:KFY) today announced that it has acquired Infinity Consulting Solutions (ICS). Headquartered in New York, with nine offices throughout the United States, ICS offers substantial interim professional solutions expertise which will further enhance Korn Ferry's industry-leading portfolio. ICS is a widely regarded provider of senior-level IT interim professional solutions with additional expertise in the areas of compliance and legal, accounting and finance, and human resources. The firm brings to Korn Ferry a vast network of senior IT professionals, a rigorous data-driven recruitment process, and deep relationships with a diverse mix of clients across multiple industries. IC
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Truist Securities analyst Tobey Sommer reiterates Korn Ferry (NYSE:KFY) with a Buy and raises the price target from $74 to $78.
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Baird analyst Mark Marcon maintains Korn Ferry (NYSE:KFY) with a Outperform and raises the price target from $72 to $79.
Shares of Signet Jewelers Limited (NYSE:SIG) fell sharply during Thursday's session following mixed first-quarter earnings including an 8.9% drop in same store sales. The company reported a first-quarter FY25 sales decline of 9.5% year-on-year to $1.510 billion, missing the analyst consensus estimate of $1.514 billion. Adjusted EPS of $1.11 beat the consensus estimates of 85 cents. Signet expects second-quarter sales of $1.46 billion – $1.52 billion, versus the consensus of $1.508 billion. Signet Jewelers shares dipped 12.5% to $94.81 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers BioRestorative Therapies, Inc. (NASDAQ:BRTX) shares climb
Korn Ferry (NYSE:KFY) shares are trading higher after the company reported fourth-quarter FY24 results. Revenue fell 5.2% Y/Y to $699.9 million, beating the consensus of $689.92 million. The fee revenue of the global organizational consulting firm was $690.80 million, a decrease of 5.5% Y/Y. Adjusted EBITDA rose to $112.3 million from $97.9 million, with an adjusted margin of 16.3%, an increase of 290bps Y/Y in the quarter. Adjusted EPS of $1.26 beats the estimate of $1.12. The company exited the quarter with cash and equivalents worth $983.7 million. Dividend: On June 12, the company increased its regular quarterly dividend per share to $0.37 (from $0.33), payable on July 31 to
U.S. stocks were mixed, with the Dow Jones index falling around 200 points on Thursday. Shares of Tesla Inc (NASDAQ:TSLA) rose sharply during Thursday's session after CEO Elon Musk said the company’s shareholder resolutions are passing with significant margins. Meanwhile, Tesla said on Tuesday that it deployed two of its humanoid bots called Optimus at its factory this year where they are performing tasks autonomously. Tesla shares gained 6.7% to $189.30 on Thursday. Here are some other big stocks recording gains in today’s session. NWTN Inc. (NASDAQ:NWTN) shares rose 22.8% to $1.84. John Wiley & Sons, Inc. (NYSE:WLYB) gained 19.3% to $42.62 as the company reported results