5 Best Staffing Company Stocks To Invest In

3. Korn Ferry (NYSE:KFY)

Number of Hedge Fund Holders: 26

Korn Ferry (NYSE:KFY) is an organizational consulting firm. The company’s services hone in on executive recruitment as it covers roles such as chief executive officers, chief financial officers, and other high level corporate positions. Korn Ferry (NYSE:KFY) is based in Los Angeles, California, United States.

By the end of its fiscal third quarter, Korn Ferry (NYSE:KFY) had raked in $684 million in revenue and $1.59 in non-GAAP EPS, beating analyst estimates for both. Unsurprisingly, the company’s revenue also grew by 43% annually during the quarter. Continuing the trend of acquisitions in the sector, Korn Ferry (NYSE:KFY) acquired Patina Solutions Group in April 2022, allowing it to bolster its portfolio of talent covering several areas of functional expertise.

Korn Ferry (NYSE:KFY)’s strongest aspect is its operational model that measures revenue through consultant productivity. Consequently, as more businesses open and the economy speeds up, these metrics will also rise. Equally important are management revenue estimates of $2.6 billion in revenue for 2022, which will mark a 47% growth if realized.

Baird reduced Korn Ferry (NYSE:KFY)’s price target to $90 from $106 in March 2022, yet noted that several factors such as inflation and job hopping contributed to the firm’s strong quarterly earnings. Insider Monkey’s 912 hedge fund poll for this year’s first quarter saw 26 as having invested in the company.

John W. Rogers’s Ariel Investments is Korn Ferry (NYSE:KFY)’s largest investor. It has a $51 million stake that comes through 790,355 shares.