Korn/Ferry International (NYSE:KFY) Sets New 52-Week High – Here’s What Happened

Shares of Korn/Ferry International (NYSE:KFY) hit a new 52-week high on Thursday . The stock traded as high as $79.01 and last traded at $78.7050, with a volume of 220597 shares. The stock had previously closed at $75.12.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial boosted 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. Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Robert W. Baird lifted their price target on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Weiss Ratings raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, 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 report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

Korn/Ferry International Stock Down 0.4%

The stock has a fifty day moving average price of $70.41 and a 200-day moving average price of $66.75. The firm has a market cap of $4.00 billion, a PE ratio of 14.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. Korn/Ferry International’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Research analysts expect that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

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 issued a dividend of $0.55 per share. The ex-dividend date is Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Korn/Ferry International’s payout ratio is presently 41.98%.

Institutional Trading of Korn/Ferry International

Several large investors have recently added to or reduced their stakes in KFY. IFP Advisors Inc lifted its stake in shares of Korn/Ferry International by 69.4% during the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of Korn/Ferry International by 30,350.0% in the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after buying an additional 607 shares in the last quarter. Kestra Investment Management LLC raised its holdings in shares of Korn/Ferry International by 71.8% during the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after buying an additional 242 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Korn/Ferry International by 200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after buying an additional 400 shares during the period. Finally, Torren Management LLC acquired a new position in Korn/Ferry International during the 4th quarter worth approximately $52,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

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.