Korn/Ferry International (NYSE:KFY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Korn/Ferry International (NYSE:KFY) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently issued reports on KFY. Robert W. Baird increased their price objective on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Truist Financial upped their target price on shares of 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 increased their price target on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Korn/Ferry International Price Performance

KFY opened at $85.30 on Friday. The firm has a 50-day moving average of $80.19 and a 200 day moving average of $70.93. 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 has a fifty-two week low of $58.95 and a fifty-two week high of $87.51. The firm has a market cap of $4.65 billion, a P/E ratio of 16.28 and a beta of 1.19.

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

Korn/Ferry International Dividend Announcement

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

Hedge Funds Weigh In On Korn/Ferry International

Several hedge funds have recently made changes to their positions in KFY. IFP Advisors Inc lifted its position in Korn/Ferry International by 69.4% during the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after acquiring an additional 206 shares during the period. Clearstead Advisors LLC increased its holdings 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 purchasing an additional 607 shares during the period. Kestra Investment Management LLC increased its holdings in shares of Korn/Ferry International by 71.8% in the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 242 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Korn/Ferry International by 200.0% in the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Korn/Ferry International during the third quarter worth about $56,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International Company Profile

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.