Korn/Ferry International (NYSE:KFY) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Korn/Ferry International (NYSE:KFY) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $73.33 and traded as high as $73.69. Korn/Ferry International shares last traded at $72.8740, with a volume of 485,268 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KFY. UBS Group raised their target price on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Weiss Ratings restated a “buy (b)” rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Finally, Robert W. Baird increased their price target on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.25.

Korn/Ferry International Stock Performance

The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 13.75 and a beta of 1.25. The firm’s 50-day moving average price is $78.53 and its two-hundred day moving average price is $73.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.37 and a current ratio of 2.37.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Wednesday, September 9th. The business services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The company had revenue of $764.62 million for the quarter, compared to the consensus estimate of $737.66 million. During the same period in the previous year, the firm earned $1.26 earnings per share. Korn/Ferry International’s quarterly revenue was up 6.9% compared to the same quarter last year. 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 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 22nd were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.51%.

Institutional Trading of Korn/Ferry International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Korn/Ferry International in the second quarter valued at approximately $446,000. California State Teachers Retirement System lifted its holdings in shares of 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 worth $3,885,000 after purchasing an additional 12,147 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Korn/Ferry International by 21.2% during the third quarter. Congress Asset Management Co. now owns 59,098 shares of the business services provider’s stock worth $4,231,000 after purchasing an additional 10,357 shares during the period. Moran Wealth Management LLC acquired a new stake in shares of Korn/Ferry International during the first quarter worth $2,128,000. Finally, Principal Financial Group Inc. grew its position in Korn/Ferry International by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock valued at $20,693,000 after buying an additional 30,163 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

About Korn/Ferry International

Korn/Ferry International, now known as Korn Ferry, is a global organizational consulting and executive search firm. The company helps organizations address leadership, talent and workforce challenges through services that include executive recruitment, professional search, succession planning, leadership development and organizational strategy.

Korn Ferry also provides talent assessment, workforce planning, compensation and rewards consulting, recruitment process outsourcing, and learning and development solutions.