Robert W. Baird Issues Positive Forecast for Korn/Ferry International (NYSE:KFY) Stock Price

Korn/Ferry International (NYSE:KFY) had its price objective upped by investment analysts at Robert W. Baird from $84.00 to $85.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 18.10% from the company’s previous close.

Several other brokerages have also recently weighed in on KFY. UBS Group upped their price objective on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Truist Financial boosted 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. Wall Street Zen upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings raised Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.25.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY opened at $71.97 on Wednesday. The business’s fifty day moving average price is $68.21 and its two-hundred day moving average price is $66.17. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $78.50. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 14.22 and a beta of 1.21. 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 (NYSE:KFY) last announced its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $768.26 million during the quarter, compared to analysts’ expectations of $743.35 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, analysts predict that Korn/Ferry International will post 5.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Korn/Ferry International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Korn/Ferry International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider’s stock valued at $406,649,000 after acquiring an additional 44,425 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Korn/Ferry International by 48.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock valued at $243,221,000 after acquiring an additional 1,132,473 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Korn/Ferry International by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,003,385 shares of the business services provider’s stock valued at $189,065,000 after purchasing an additional 122,669 shares during the period. State Street Corp lifted its stake in shares of Korn/Ferry International by 1.6% in the 4th quarter. State Street Corp now owns 2,000,452 shares of the business services provider’s stock valued at $132,933,000 after purchasing an additional 31,175 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Korn/Ferry International by 1.1% in the 3rd quarter. Invesco Ltd. now owns 1,493,922 shares of the business services provider’s stock worth $104,545,000 after purchasing an additional 16,519 shares during the last quarter. 98.82% of the stock is owned by institutional investors.

About Korn/Ferry International

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.