Korn/Ferry International (NYSE:KFY) Upgraded by Wall Street Zen to Buy Rating

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

KFY has been the topic of a number of other research reports. Robert W. Baird increased their target price on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Truist Financial boosted their price target on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. UBS Group increased their price objective on shares of 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 raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Korn/Ferry International Trading Down 0.3%

NYSE:KFY opened at $85.30 on Friday. 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 has a 12 month low of $58.95 and a 12 month high of $87.51. The company has a market cap of $4.38 billion, a PE ratio of 16.28 and a beta of 1.19. The company has a 50 day simple moving average of $79.90 and a two-hundred day simple moving average of $70.70.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $768.26 million for the quarter, compared to analysts’ expectations of $743.35 million. During the same period in the prior year, the firm earned $1.32 EPS. The company’s revenue 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. Research analysts forecast that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.98%.

Institutional Trading of Korn/Ferry International

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its stake in shares of Korn/Ferry International by 24.5% during the 1st quarter. California State Teachers Retirement System now owns 61,713 shares of the business services provider’s stock valued at $3,885,000 after acquiring an additional 12,147 shares during the period. Moran Wealth Management LLC bought a new stake in Korn/Ferry International during the 1st quarter worth approximately $2,128,000. Sei Investments Co. raised its stake in Korn/Ferry International by 40.8% during the 1st quarter. Sei Investments Co. now owns 184,104 shares of the business services provider’s stock worth $11,589,000 after acquiring an additional 53,393 shares during the period. Principal Financial Group Inc. lifted its holdings in Korn/Ferry International by 10.1% during the first quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock valued at $20,693,000 after purchasing an additional 30,163 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Korn/Ferry International by 31.6% during the first quarter. First Trust Advisors LP now owns 146,915 shares of the business services provider’s stock valued at $9,248,000 after purchasing an additional 35,239 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

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.