Korn Ferry (NYSE:KFY) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Korn Ferry (NYSE:KFY - Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday.

Separately, Truist Financial lowered their price objective on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

Korn Ferry Stock Performance

Shares of KFY traded down $0.41 during trading hours on Friday, hitting $68.28. The stock had a trading volume of 91,950 shares, compared to its average volume of 394,015. The firm has a market capitalization of $3.52 billion, a PE ratio of 14.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a fifty day moving average price of $64.93 and a 200 day moving average price of $68.08. Korn Ferry has a 12 month low of $59.23 and a 12 month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.06. The company had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. Analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.81%. Korn Ferry's dividend payout ratio is currently 41.29%.

Institutional Trading of Korn Ferry

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in Korn Ferry by 1,385.2% in the 1st quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider's stock worth $13,733,000 after acquiring an additional 188,829 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Korn Ferry by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider's stock worth $11,704,000 after buying an additional 11,020 shares during the last quarter. United Services Automobile Association acquired a new stake in Korn Ferry in the 1st quarter worth about $231,000. PharVision Advisers LLC acquired a new stake in Korn Ferry in the 1st quarter worth about $324,000. Finally, New Vernon Capital Holdings II LLC lifted its stake in Korn Ferry by 11,876.9% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 255,109 shares of the business services provider's stock worth $17,304,000 after purchasing an additional 252,979 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.