Korn/Ferry International (NYSE:KFY) Sets New 52-Week High – Here’s Why

Korn/Ferry International (NYSE:KFY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $86.22 and last traded at $84.7180, with a volume of 415540 shares traded. The stock had previously closed at $85.06.

Analysts Set New Price Targets

Several brokerages have commented on KFY. Truist Financial upped their target price on shares of 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 boosted their target price on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Robert W. Baird increased their target price on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings upgraded 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 given a Hold rating to the company. According to data from MarketBeat.com, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

Korn/Ferry International Price Performance

The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 16.00 and a beta of 1.19. The company’s fifty day moving average is $77.89 and its 200 day moving average is $69.72. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20.

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

Korn/Ferry International Dividend Announcement

The firm also recently announced 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 currently 41.98%.

Institutional Investors Weigh In On Korn/Ferry International

A number of institutional investors have recently made changes to their positions in KFY. IFP Advisors Inc boosted its stake in shares of Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after buying an additional 206 shares during the period. Kestra Investment Management LLC lifted its position in shares of Korn/Ferry International by 71.8% during the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after buying an additional 242 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Korn/Ferry International by 30,350.0% in the 4th 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 last quarter. Finally, Torren Management LLC bought a new stake in Korn/Ferry International during the 4th quarter worth $52,000. Institutional investors own 98.82% of the company’s stock.

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.