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 note published on Saturday morning.

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

Korn Ferry Stock Up 1.7%

Shares of KFY traded up $1.18 during trading hours on Friday, hitting $68.66. The company had a trading volume of 255,388 shares, compared to its average volume of 376,784. The firm has a fifty day moving average price of $64.90 and a 200-day moving average price of $68.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 14.67 and a beta of 1.41. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the previous year, the firm earned $1.07 EPS. Korn Ferry's quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Thursday, March 27th. Korn Ferry's payout ratio is currently 41.29%.

Institutional Investors Weigh In On Korn Ferry

A number of large investors have recently made changes to their positions in KFY. American Century Companies Inc. lifted its position in shares of Korn Ferry by 89.1% during the 1st quarter. American Century Companies Inc. now owns 1,802,461 shares of the business services provider's stock valued at $122,261,000 after buying an additional 849,180 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Korn Ferry during the 4th quarter valued at about $51,454,000. Norges Bank purchased a new position in shares of Korn Ferry during the 4th quarter valued at about $42,360,000. Rockefeller Capital Management L.P. lifted its position in shares of Korn Ferry by 113.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after buying an additional 438,644 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Korn Ferry by 5,931.0% during the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock valued at $23,744,000 after buying an additional 346,193 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

About Korn Ferry

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.