Brokerages Set Korn Ferry (NYSE:KFY) Price Target at $67.75

Korn Ferry (NYSE:KFY) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $67.75.

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Robert W. Baird increased their price objective on shares of Korn Ferry from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Truist Financial increased their price objective on shares of Korn Ferry from $64.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, March 4th. William Blair raised shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th. Finally, UBS Group increased their price objective on shares of Korn Ferry from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th.

Insider Activity at Korn Ferry

In related news, Director Jerry Leamon sold 10,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.80, for a total value of $658,000.00. Following the completion of the transaction, the director now owns 16,802 shares in the company, valued at approximately $1,105,571.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Korn Ferry

Several large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Korn Ferry by 0.3% during the 1st quarter. BlackRock Inc. now owns 8,381,765 shares of the business services provider’s stock valued at $544,312,000 after purchasing an additional 28,155 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Korn Ferry by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,806,189 shares of the business services provider’s stock worth $319,551,000 after buying an additional 318,600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Korn Ferry by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,205,679 shares of the business services provider’s stock worth $190,257,000 after buying an additional 10,322 shares during the period. American Century Companies Inc. boosted its holdings in shares of Korn Ferry by 3.2% in the third quarter. American Century Companies Inc. now owns 2,739,697 shares of the business services provider’s stock worth $129,971,000 after buying an additional 85,781 shares during the period. Finally, State Street Corp boosted its holdings in shares of Korn Ferry by 1.5% in the second quarter. State Street Corp now owns 1,919,141 shares of the business services provider’s stock worth $95,074,000 after buying an additional 27,439 shares during the period. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Stock Up 2.3 %

Shares of NYSE:KFY opened at $65.92 on Monday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 22.81 and a beta of 1.47. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $69.69. The company’s fifty day moving average is $61.12 and its two-hundred day moving average is $54.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83.

Korn Ferry (NYSE:KFY) last issued its earnings results on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Korn Ferry had a net margin of 5.34% and a return on equity of 12.59%. The company had revenue of $676.80 million for the quarter, compared to analysts’ expectations of $657.91 million. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Equities analysts anticipate that Korn Ferry will post 4.17 EPS for the current year.

Korn Ferry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, March 27th will be given a $0.33 dividend. The ex-dividend date is Tuesday, March 26th. This represents a $1.32 dividend on an annualized basis and a yield of 2.00%. Korn Ferry’s dividend payout ratio is presently 45.67%.

About Korn Ferry

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.