Korn/Ferry International (NYSE:KFY) Reaches New 52-Week High – Should You Buy?

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

Analyst Ratings Changes

Several equities analysts have weighed in on KFY shares. UBS Group raised their price target on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Robert W. Baird raised 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. Finally, Truist Financial boosted their price target on shares of Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Korn/Ferry International Trading Up 3.7%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94. The stock’s fifty day moving average is $71.72 and its 200 day moving average is $67.17. The stock has a market cap of $4.13 billion, a P/E ratio of 15.51 and a beta of 1.21.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The company had revenue of $768.26 million for the quarter, compared to analysts’ expectations of $743.35 million. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Korn/Ferry International will post 5.75 earnings per share for the current fiscal 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 issued a $0.55 dividend. The ex-dividend date is Monday, July 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. Korn/Ferry International’s payout ratio is 41.98%.

Institutional Trading of Korn/Ferry International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB boosted its stake in Korn/Ferry International by 19.0% during the second quarter. Handelsbanken Fonder AB now owns 13,802 shares of the business services provider’s stock worth $919,000 after buying an additional 2,200 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Korn/Ferry International by 38.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 9,461 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 2,652 shares during the period. Trust Point Inc. purchased a new stake in shares of Korn/Ferry International in the second quarter valued at $208,000. Baron Wealth Management LLC lifted its holdings in shares of Korn/Ferry International by 101.0% in the 2nd quarter. Baron Wealth Management LLC now owns 6,497 shares of the business services provider’s stock worth $433,000 after acquiring an additional 3,265 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Korn/Ferry International by 53.3% in the 2nd quarter. GAMMA Investing LLC now owns 6,395 shares of the business services provider’s stock worth $426,000 after acquiring an additional 2,223 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

About Korn/Ferry International

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.