Korn/Ferry International (NYSE:KFY) Cut to “Hold” at Wall Street Zen

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

Other research analysts also recently issued research reports about the company. Robert W. Baird increased their price objective 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 target price on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. UBS Group upped their price target on Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Finally, Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.25.

Korn/Ferry International Trading Down 0.6%

Shares of NYSE:KFY opened at $77.89 on Friday. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $87.51. The company’s 50 day moving average is $81.34 and its two-hundred day moving average is $71.69. The company has a market cap of $4.25 billion, a PE ratio of 14.70 and a beta of 1.19. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.20.

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

Korn/Ferry International Dividend Announcement

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

Institutional Trading of Korn/Ferry International

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its position in 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 buying an additional 206 shares during the period. Clearstead Advisors LLC lifted its stake in 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 during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Korn/Ferry International by 528.0% in the first quarter. AdvisorNet Financial Inc now owns 1,011 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 850 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Korn/Ferry International in the second quarter valued at approximately $64,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Korn/Ferry International by 208.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,186 shares of the business services provider’s stock worth $78,000 after acquiring an additional 802 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

About Korn/Ferry International

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.