Korn/Ferry International (NYSE:KFY) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Korn/Ferry International (NYSE:KFY) from a buy rating to a hold rating in a report issued on Sunday,Wall Street Zen reports.

Several other research firms also recently commented on KFY. Truist Financial upped their price objective on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. UBS Group boosted their price target on shares of Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Robert W. Baird upped their price target on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Korn/Ferry International Stock Performance

NYSE:KFY opened at $77.74 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.37. The business has a fifty day simple moving average of $81.10 and a two-hundred day simple moving average of $71.44. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $87.51. The company has a market capitalization of $4.24 billion, a P/E ratio of 14.67 and a beta of 1.19.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The firm had revenue of $764.62 million for the quarter, compared to analysts’ expectations of $737.66 million. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%.The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. On average, analysts expect that Korn/Ferry International will post 5.63 earnings per share for the current year.

Korn/Ferry International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 22nd. Korn/Ferry International’s payout ratio is 41.51%.

Institutional Investors Weigh In On Korn/Ferry International

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc grew its position in Korn/Ferry International by 69.4% during the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after buying an additional 206 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of Korn/Ferry International by 30,350.0% in the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 607 shares in the last quarter. Kestra Investment Management LLC raised its holdings in shares of Korn/Ferry International by 71.8% in the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 242 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Korn/Ferry International by 200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of Korn/Ferry International during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

About Korn/Ferry International

Korn/Ferry International, doing business as Korn Ferry, is a global organizational consulting and talent advisory firm. The company helps organizations align their people, leadership and business strategies to improve performance and address workforce-related challenges.

Korn Ferry’s services include executive search, professional-level recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, organizational strategy and culture consulting, and broader talent management solutions.