Company profile

Gary Dudley Burnison
Incorporated in
Fiscal year end
Former names
Korn Ferry International
IRS number

KFY stock data



11 Mar 20
6 Jul 20
30 Apr 21


Company financial data Financial data

Quarter (USD) Jan 20 Oct 19 Jul 19 Apr 19
Revenue 527.98M 504.18M 496.2M 502.54M
Net income 19.99M 42.8M 42.95M 50.26M
Diluted EPS 0.36 0.77 0.76 0.89
Net profit margin 3.79% 8.49% 8.66% 10.00%
Operating income 31.6M 61.87M 60.33M 62.28M
Net change in cash 99.29M 39.79M -201.72M 136.85M
Cash on hand 563.71M 464.42M 424.64M 626.36M
Cost of revenue
Annual (USD) Apr 19 Apr 18 Apr 17 Apr 16
Revenue 1.97B 1.82B 1.62B 1.35B
Net income 102.65M 133.78M 84.18M 30.91M
Diluted EPS 1.81 2.35 1.47 0.58
Net profit margin 5.20% 7.35% 5.19% 2.30%
Operating income 140.83M 208.45M 120.29M 52.69M
Net change in cash 105.51M 109.97M 137.63M -107.59M
Cash on hand 626.36M 520.85M 410.88M 273.25M
Cost of revenue 73.66M 71.48M 59.82M

Financial data from Korn Ferry earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
16 Apr 20 Shaheen George T Common Stock, par value $0.01 per share Grant Aquire A No 0 2,950 0 51,050
3 Apr 20 Arian Mark Common Stock, par value $0.01 per share Payment of exercise Dispose F No 23.33 989 23.07K 21,577
23 Mar 20 Rozek Robert P Commmon Stock, par value $0.01 per share Buy Aquire P No 22.63 2,500 56.58K 150,705
23 Mar 20 Burnison Gary D Common Stock, par value $0.01 per share Buy Aquire P No 23.553 500 11.78K 311,971
23 Mar 20 Burnison Gary D Common Stock, par value $0.01 per share Buy Aquire P No 22.117 500 11.06K 311,471
20 Mar 20 Burnison Gary D Common Stock, par value $0.01 per share Buy Aquire P No 23.96 500 11.98K 310,971
90.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 188 206 -8.7%
Opened positions 27 22 +22.7%
Closed positions 45 43 +4.7%
Increased positions 64 67 -4.5%
Reduced positions 68 89 -23.6%
13F shares
Current Prev Q Change
Total value 3.25B 7.19B -54.8%
Total shares 50M 51.82M -3.5%
Total puts 0 9.6K EXIT
Total calls 0 5.1K EXIT
Total put/call ratio 1.9
Largest owners
Shares Value Change
BLK BlackRock 8.22M $199.93M -3.8%
Vanguard 6.93M $168.52M -1.2%
Dimensional Fund Advisors 3.41M $83.05M -1.5%
IVZ Invesco 2.16M $52.54M -6.9%
STT State Street 1.86M $45.37M +8.6%
WFC Wells Fargo & Co. 1.59M $38.63M +7.6%
NTRS Northern Trust 1.43M $34.67M -0.1%
JHG Janus Henderson 1.35M $32.91M -0.6%
Jennison Associates 1.33M $32.25M +3.2%
Victory Capital Management 1.24M $30.15M +16.4%
Largest transactions
Shares Bought/sold Change
Lakewood Capital Management 910K +910K NEW
Norges Bank 0 -785.39K EXIT
Coliseum Capital Management 748.45K +748.45K NEW
MNGPF Man 0 -382.41K EXIT
Tributary Capital Management 366.84K +366.84K NEW
PRU Prudential Financial 148.11K -363.96K -71.1%
Nuveen Asset Management 882.3K -323.62K -26.8%
BLK BlackRock 8.22M -321.79K -3.8%
Ceredex Value Advisors 0 -313.38K EXIT
SAMG Silvercrest Asset Management 0 -295.98K EXIT

Financial report summary

  • Consolidation in the industries that we serve could harm our business.
  • If we fail to attract and retain qualified and experienced consultants, our revenue could decline and our business could be harmed.
  • We may be limited in our ability to recruit candidates from our clients, and we could lose search opportunities to our competition, which could harm our business.
  • We incur substantial costs to hire and retain our professionals, and we expect these costs to continue and to grow.
  • If we are unable to retain our executive officers and key personnel or integrate new members of our senior management who are critical to our business, we may not be able to successfully manage our business in the future.
  • If we are unable to maintain our professional reputation and brand name, our business will be harmed.
  • As we develop new services, clients and practices, enter new lines of business, and focus more of our business on providing a full range of client solutions, the demands on our business and our operating risks may increase.
  • Our rebranding plan may take a significant amount of time, involve substantial costs and may not be favorably received by our clients.
  • We may not be able to align our cost structure with our revenue level, which in turn may require additional financing in the future that may not be available at all or may be available only on unfavorable terms.
  • Our financial results could suffer if we are unable to achieve or maintain adequate utilization and suitable billing rates for our consultants.
  • The profitability of our fixed-fee engagements with clients may not meet our expectations if we underestimate the cost of these engagements when pricing them.
  • Changes in our accounting estimates and assumptions could negatively affect our financial position and results of operations.
  • Foreign currency exchange rate risks may adversely affect our results of operations.
  • We have deferred tax assets that we may not be able to use under certain circumstances.
  • Our indebtedness could impair our financial condition and reduce funds available to us for other purposes and our failure to comply with the covenants contained in our debt instruments could result in an event of default that could adversely affect our operations and financial condition.
  • The expansion of social media platforms presents new risks and challenges that can cause damage to our brand and reputation.
  • Technological advances may significantly disrupt the labor market and weaken demand for human capital at a rapid rate.
  • Limited protection of our intellectual property could harm our business, and we face the risk that our services or products may infringe upon the intellectual property rights of others.
  • We have invested in specialized technology and other intellectual property for which we may fail to fully recover our investment, or which may become obsolete.
  • We rely heavily on our information systems and if we lose that technology, or fail to further develop our technology, our business could be harmed.
  • We are subject to risk as it relates to software that we license from third parties.
  • We are increasingly dependent on third parties for the execution of critical functions.
  • Cyber security vulnerabilities and incidents could lead to the improper disclosure of information obtained from our clients, candidates and employees that could result in liability and harm to our reputation.
  • Data security, data privacy and data protection laws, such as the European Union General Data Protection Regulation (“GDPR”), and other evolving regulations and cross-border data transfer restrictions, may limit the use of our services, increase our costs and adversely affect our business.
  • Acquisitions, or our inability to effect acquisitions, may have an adverse effect on our business.
  • We have provisions that make an acquisition of us more difficult and expensive.
  • We may not be able to successfully integrate or realize the expected benefits from our acquisitions.
  • Businesses we acquire may have liabilities or adverse operating issues which could harm our operating results.
  • As a result of our acquisitions, we have substantial amounts of goodwill and intangible assets, and changes in business conditions could cause these assets to become impaired, requiring write-downs that would adversely affect our operating results.
  • An impairment in the carrying value of goodwill and other intangible assets could negatively impact our consolidated results of operations and net worth.
  • We are a cyclical Company whose performance is tied to local and global economic conditions.
  • We face risks associated with social and political instability, legal requirements and economic conditions in our international operations.
  • The United Kingdom’s withdrawal from the E.U. may adversely impact our operations in the United Kingdom and elsewhere.
  • The interest rates under our Credit Agreement and related interest rate swap may be impacted by the phase-out of the London Interbank Offered Rate (“LIBOR”).
  • You may not receive the level of dividends provided for in the dividend policy our Board of Directors has adopted or any dividends at all.
  • Our dividend policy may limit our ability to pursue growth opportunities.
  • We may be subject to the actions of activist shareholders.
  • Our business could be disrupted as a result of actions of certain stockholders.
  • Our inability to successfully recover should we experience a disaster or other business continuity problem could cause material financial loss, loss of human capital, regulatory actions, reputational harm or legal liability.
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This Annual Report on Form 10-K may contain certain statements that we believe are, or may be considered to be, “forward-looking” statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements generally can be identified by use of statements that include phrases such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “will,” “likely,” “estimates,” “potential,” “continue” or other similar words or phrases. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. All of these forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statement. The principal risk factors that could cause actual performance and future actions to differ materially from the forward-looking statements include, but are not limited to, changes in demand for our services as a result of automation, dependence on attracting and retaining qualified and experienced consultants, maintaining our relationships with customers and suppliers and retaining key employees, maintaining our brand name and professional reputation, the expected timing of the consummation of the Plan, the impact of the rebranding on the Company’s products and services, the costs of the Plan, potential legal liability and regulatory developments, portability of client relationships, global and local political or economic developments in or affecting countries where we have operations, currency fluctuations in our international operations, risks related to growth, restrictions imposed by off-limits agreements, competition, consolidation in industries, reliance on information processing systems, cyber security vulnerabilities, changes to data security, data privacy, and data protection laws, limited protection of our intellectual property (“IP”), our ability to enhance and develop new technology, our ability to successfully recover from a disaster or business continuity problems, employment liability risk, an impairment in the carrying value of goodwill and other intangible assets, the effects of the Tax Cuts and Jobs Act (the “Tax Act”) and other future changes in tax laws, treaties, or regulations on our business and our company, deferred tax assets that we may not be able to use, our ability to develop new products and services, the impact of the withdrawal of the United Kingdom from the European Union, changes in our accounting estimates and assumptions, alignment of our cost structure, the utilization and billing rates of our consultants, seasonality, the phase-out of LIBOR, and the matters disclosed under the heading “Risk Factors” in the Company’s Exchange Act reports, including Item 1A included in this Annual Report on Form 10-K. Readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements included in this Annual Report on Form 10-K are made only as of the date of this Annual Report on Form 10-K and we undertake no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
  • Korn Ferry (referred to herein as the “Company” or in the first person notations “we,” “our,” and “us”) is a global organizational consulting firm. We currently operate through three global segments: Executive Search, Korn Ferry Advisory (Advisory) and Korn Ferry RPO and Professional Search (“RPO & Professional Search”). Executive Search focuses on recruiting board level, chief executive and other senior executive and general management positions, in addition to research-based interviewing and assessment solutions, for clients predominantly in the consumer goods, financial services, industrial, life sciences/healthcare and technology industries. Our Advisory segment assists clients to synchronize strategy and talent by addressing four fundamental needs: Organizational Strategy, Assessment and Succession, Leadership Development, and Rewards and Benefits, all underpinned by a comprehensive array of world-leading intellectual property, products and tools. RPO & Professional Search uses data-backed insight and IP, matched with strategic collaboration and innovative technology, to meet people challenges head-on—and succeed. Solutions span all aspects of Recruitment Process Outsourcing (“RPO”), Professional Search and Project Recruitment. We also operate a Corporate segment to record global expenses of the Company.
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