Korn/Ferry International (NYSE:KFY) Issues Quarterly Earnings Results

Korn/Ferry International (NYSE:KFYGet Free Report) posted its earnings results on Tuesday. The business services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03, FiscalAI reports. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The business had revenue of $768.26 million for the quarter, compared to the consensus estimate of $743.35 million.

Korn/Ferry International Trading Down 5.2%

Shares of NYSE:KFY opened at $67.72 on Tuesday. The business’s 50-day moving average is $67.98 and its 200 day moving average is $66.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $78.50. The firm has a market capitalization of $3.51 billion, a P/E ratio of 13.38 and a beta of 1.21.

Korn/Ferry International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s payout ratio is 43.48%.

Institutional Investors Weigh In On Korn/Ferry International

A number of large investors have recently modified their holdings of KFY. Virtu Financial LLC raised its position in shares of Korn/Ferry International by 7.7% in the 4th quarter. Virtu Financial LLC now owns 4,799 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 343 shares during the last quarter. State of Tennessee Department of Treasury grew its position in Korn/Ferry International by 43.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 21,362 shares of the business services provider’s stock worth $1,484,000 after purchasing an additional 6,480 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Korn/Ferry International during the 4th quarter valued at approximately $630,000. Empowered Funds LLC purchased a new position in shares of Korn/Ferry International in the fourth quarter worth $2,196,000. Finally, XTX Topco Ltd purchased a new position in shares of Korn/Ferry International in the fourth quarter worth $1,634,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KFY shares. Weiss Ratings raised shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Truist Financial upped their target price on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. UBS Group lifted their price target on Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Wall Street Zen raised Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.67.

Check Out Our Latest Analysis on KFY

About Korn/Ferry International

(Get 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.

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Earnings History for Korn/Ferry International (NYSE:KFY)

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