Korn Ferry (NYSE:KFY) Receives $82.75 Consensus Price Target from Analysts

Shares of Korn Ferry (NYSE:KFY) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $83.00.

Several research firms have commented on KFY. Credit Suisse Group boosted their price objective on Korn Ferry from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 23rd. Truist Securities boosted their price objective on Korn Ferry from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, June 2nd. Robert W. Baird boosted their price objective on Korn Ferry from $89.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, September 9th. Finally, Zacks Investment Research upgraded Korn Ferry from a “hold” rating to a “strong-buy” rating and set a $84.00 target price on the stock in a report on Tuesday.

In other Korn Ferry news, CFO Robert P. Rozek sold 10,000 shares of the company’s stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $75.75, for a total transaction of $757,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Byrne K. Mulrooney sold 10,681 shares of the company’s stock in a transaction on Friday, July 9th. The stock was sold at an average price of $68.41, for a total value of $730,687.21. Following the transaction, the chief executive officer now owns 119,593 shares in the company, valued at $8,181,357.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,370 shares of company stock worth $5,577,110. Insiders own 1.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in KFY. Harvest Fund Management Co. Ltd purchased a new stake in shares of Korn Ferry during the first quarter worth $32,000. O Shaughnessy Asset Management LLC increased its position in shares of Korn Ferry by 90.9% during the second quarter. O Shaughnessy Asset Management LLC now owns 527 shares of the business services provider’s stock worth $38,000 after acquiring an additional 251 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Korn Ferry during the second quarter worth $74,000. Heritage Wealth Management LLC increased its position in shares of Korn Ferry by 59.5% during the second quarter. Heritage Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $111,000 after acquiring an additional 569 shares during the period. Finally, First Mercantile Trust Co. purchased a new stake in shares of Korn Ferry during the first quarter worth $179,000. Institutional investors own 90.28% of the company’s stock.

Shares of Korn Ferry stock traded up $1.46 on Friday, hitting $74.62. The company’s stock had a trading volume of 2,050 shares, compared to its average volume of 280,335. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.34 and a current ratio of 2.34. Korn Ferry has a 1 year low of $27.93 and a 1 year high of $76.50. The firm has a fifty day moving average price of $68.82 and a 200-day moving average price of $66.74. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 18.15 and a beta of 1.63.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Tuesday, September 7th. The business services provider reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.30. Korn Ferry had a return on equity of 16.76% and a net margin of 10.68%. The company had revenue of $585.40 million during the quarter, compared to analyst estimates of $540.52 million. During the same period in the previous year, the business earned ($0.19) EPS. Korn Ferry’s quarterly revenue was up 70.1% on a year-over-year basis. As a group, analysts forecast that Korn Ferry will post 5.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, September 22nd. Korn Ferry’s dividend payout ratio is currently 19.12%.

Korn Ferry Company Profile

Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.

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