Korn/Ferry International (NYSE:KFY) Shares Cross Above Fifty Day Moving Average – What’s Next?

Korn/Ferry International (NYSE:KFY) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $76.69 and traded as high as $79.17. Korn/Ferry International shares last traded at $77.99, with a volume of 389,640 shares.

Wall Street Analysts Forecast Growth

KFY has been the subject of a number of analyst reports. 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 research report on Thursday, September 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Finally, Wall Street Zen downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Korn/Ferry International currently has a consensus rating of “Moderate Buy” and an average target price of $80.25.

Korn/Ferry International Stock Up 1.9%

The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.72 and a beta of 1.25. The firm’s fifty day simple moving average is $76.69 and its two-hundred day simple moving average is $71.17.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The business had revenue of $764.62 million during the quarter, compared to analysts’ expectations of $737.66 million. During the same quarter in the prior year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. 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 EPS for the current year.

Korn/Ferry International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio is currently 41.51%.

Institutional Investors Weigh In On Korn/Ferry International

A number of institutional investors have recently modified their holdings of KFY. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Korn/Ferry International in the second quarter valued at $446,000. Congress Asset Management Co. raised its stake in Korn/Ferry International by 21.2% in the third quarter. Congress Asset Management Co. now owns 59,098 shares of the business services provider’s stock valued at $4,231,000 after buying an additional 10,357 shares in the last quarter. California State Teachers Retirement System raised its stake in Korn/Ferry International by 24.5% in the first quarter. California State Teachers Retirement System now owns 61,713 shares of the business services provider’s stock valued at $3,885,000 after buying an additional 12,147 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in Korn/Ferry International during the 1st quarter worth about $2,128,000. Finally, Principal Financial Group Inc. lifted its holdings in Korn/Ferry International by 10.1% during the 1st quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock worth $20,693,000 after buying an additional 30,163 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International Company Profile

Korn Ferry is a global organizational consulting firm that helps companies and other institutions align their people, strategy and operations. Its services are designed to support organizations across the employee lifecycle, from attracting and selecting talent to developing leaders, improving performance and managing organizational change.

The company’s principal offerings include executive search and professional recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, executive coaching, compensation and rewards consulting, and broader organizational strategy.