Korn/Ferry International (NYSE:KFY) Reaches New 52-Week High – What’s Next?

Korn/Ferry International (NYSE:KFY) reached a new 52-week high on Monday . The stock traded as high as $80.00 and last traded at $79.70, with a volume of 17489 shares trading hands. The stock had previously closed at $78.25.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KFY shares. Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Robert W. Baird lifted 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. UBS Group upped their target price on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Finally, Truist Financial increased their target price 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Korn/Ferry International currently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Korn/Ferry International Price Performance

The business has a fifty day moving average of $72.40 and a 200 day moving average of $67.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $4.26 billion, a PE ratio of 15.98 and a beta of 1.21.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.Korn/Ferry International’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Sell-side analysts anticipate 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 will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is 41.98%.

Institutional Trading of Korn/Ferry International

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Korn/Ferry International by 22.7% in the 1st quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock worth $775,000 after acquiring an additional 2,112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Korn/Ferry International by 3.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock valued at $2,073,000 after acquiring an additional 1,009 shares in the last quarter. Millennium Management LLC raised its position in shares of Korn/Ferry International by 566.9% during the 1st quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock valued at $8,464,000 after acquiring an additional 106,076 shares in the last quarter. United Services Automobile Association bought a new position in Korn/Ferry International during the first quarter worth $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Korn/Ferry International by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock worth $11,704,000 after purchasing an additional 11,020 shares during the period. Institutional investors and hedge funds 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.