Korn/Ferry International (NYSE:KFY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Korn/Ferry International (NYSE:KFY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.28 and traded as high as $69.53. Korn/Ferry International shares last traded at $67.8880, with a volume of 917,097 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial boosted 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. 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. Robert W. Baird upped their price target on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Finally, UBS Group lifted their target price on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.50.

Korn/Ferry International Stock Up 2.0%

The firm has a market capitalization of $3.45 billion, a P/E ratio of 12.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 2.01. The company’s 50-day simple moving average is $68.78 and its two-hundred day simple moving average is $66.28.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $768.26 million during 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 revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, research analysts expect that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 yield of 3.2%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is presently 41.98%.

Institutional Investors Weigh In On Korn/Ferry International

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its stake in Korn/Ferry International by 21.8% during the first quarter. Pacer Advisors Inc. now owns 186,359 shares of the business services provider’s stock valued at $11,731,000 after acquiring an additional 33,335 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Korn/Ferry International in the first quarter worth about $1,376,000. Amundi increased its position in shares of Korn/Ferry International by 52.3% during the 1st quarter. Amundi now owns 17,589 shares of the business services provider’s stock valued at $1,107,000 after purchasing an additional 6,040 shares during the last quarter. California State Teachers Retirement System increased its position in Korn/Ferry International by 24.5% during 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 acquiring an additional 12,147 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Korn/Ferry International by 16.6% during the 1st quarter. Empowered Funds LLC now owns 38,773 shares of the business services provider’s stock valued at $2,441,000 after purchasing an additional 5,509 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

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.