Korn/Ferry International (NYSE:KFY) Reaches New 12-Month High – Still a Buy?

Korn/Ferry International (NYSE:KFYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $85.97 and last traded at $85.2760, with a volume of 46313 shares changing hands. The stock had previously closed at $83.87.

Analyst Upgrades and Downgrades

KFY has been the topic of several recent research reports. UBS Group upped their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Truist Financial lifted their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Robert W. Baird boosted their target price on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Korn/Ferry International has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

View Our Latest Report on Korn/Ferry International

Korn/Ferry International Stock Performance

The company has a market cap of $4.35 billion, a PE ratio of 16.17 and a beta of 1.19. The firm’s fifty day moving average is $76.89 and its 200 day moving average is $69.25. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFYGet Free Report) last posted its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The company had revenue of $768.26 million during the quarter, compared to analysts’ expectations of $743.35 million. During the same period in the prior year, the business posted $1.32 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, research analysts predict that Korn/Ferry International will post 5.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, July 6th. Korn/Ferry International’s dividend payout ratio is presently 41.98%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 206 shares during the period. Clearstead Advisors LLC lifted its stake in Korn/Ferry International by 30,350.0% during the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after purchasing an additional 607 shares in the last quarter. Kestra Investment Management LLC boosted its position in shares of Korn/Ferry International by 71.8% during the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after buying an additional 242 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after buying an additional 400 shares during the period. Finally, Torren Management LLC acquired a new stake in shares of Korn/Ferry International in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Company Profile

(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.

See Also

Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with MarketBeat.com's FREE daily email newsletter.