Korn/Ferry International (NYSE:KFY) Price Target Raised to $82.00

Korn/Ferry International (NYSE:KFY) had its price objective increased by UBS Group from $75.00 to $82.00 in a research note published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

Several other analysts have also recently weighed in on KFY. Robert W. Baird raised their target price 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 report on Tuesday, June 23rd. Truist Financial raised their price objective 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. Finally, Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.25.

Korn/Ferry International Trading Down 0.5%

NYSE:KFY opened at $77.74 on Thursday. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $87.51. The firm has a market cap of $4.24 billion, a PE ratio of 14.67 and a beta of 1.19. The company has a current ratio of 2.37, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $81.10 and a 200 day moving average price of $71.35.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $764.62 million for the quarter, compared to the consensus estimate of $737.66 million. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%.Korn/Ferry International’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 EPS. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Sell-side analysts anticipate that Korn/Ferry International will post 5.63 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 22nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio is 41.51%.

Institutional Trading of Korn/Ferry International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in shares of Korn/Ferry International by 27.6% in the 2nd quarter. Tidal Investments LLC now owns 312,031 shares of the business services provider’s stock valued at $20,775,000 after buying an additional 67,495 shares in the last quarter. Engineers Gate Manager LP raised its stake in Korn/Ferry International by 14.7% during the 2nd quarter. Engineers Gate Manager LP now owns 70,131 shares of the business services provider’s stock worth $4,669,000 after acquiring an additional 8,971 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Korn/Ferry International during the 2nd quarter worth $64,000. IFP Advisors Inc lifted its position in Korn/Ferry International by 80.7% in the second quarter. IFP Advisors Inc now owns 947 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 423 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Korn/Ferry International by 111.6% in the second quarter. Allworth Financial LP now owns 1,219 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 643 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Company Profile

Korn/Ferry International, doing business as Korn Ferry, is a global organizational consulting and talent advisory firm. The company helps organizations align their people, leadership and business strategies to improve performance and address workforce-related challenges.

Korn Ferry’s services include executive search, professional-level recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, organizational strategy and culture consulting, and broader talent management solutions.