Korn/Ferry International (NYSE:KFY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Korn/Ferry International (NYSE:KFY) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks reports.

Several other research firms have also issued reports on KFY. UBS Group lifted their price target on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Finally, Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.25.

Korn/Ferry International Stock Performance

KFY stock opened at $78.08 on Tuesday. Korn/Ferry International has a one year low of $58.95 and a one year high of $87.51. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 14.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.37 and a current ratio of 2.37. The firm has a 50-day simple moving average of $76.39 and a two-hundred day simple moving average of $71.26.

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

Korn/Ferry International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 22nd were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.51%.

Institutional Investors Weigh In On Korn/Ferry International

A number of large investors have recently made changes to their positions in the stock. Pension & Wealth Management Advisors Inc. purchased a new position in Korn/Ferry International in the 3rd quarter worth $25,000. Farther Finance Advisors LLC lifted its position in Korn/Ferry International by 53.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 721 shares of the business services provider’s stock worth $52,000 after acquiring an additional 251 shares during the period. IFP Advisors Inc grew its stake in Korn/Ferry International by 80.7% during the 2nd quarter. IFP Advisors Inc now owns 947 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 423 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Korn/Ferry International during the 2nd quarter valued at about $64,000. Finally, Allworth Financial LP grew its stake in Korn/Ferry International by 111.6% during the 2nd quarter. Allworth Financial LP now owns 1,219 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 643 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International Company Profile

Korn Ferry is a global organizational consulting firm that helps companies and other institutions align their people, strategy and operations. Its services are designed to support organizations across the employee lifecycle, from attracting and selecting talent to developing leaders, improving performance and managing organizational change.

The company’s principal offerings include executive search and professional recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, executive coaching, compensation and rewards consulting, and broader organizational strategy.