Korn/Ferry International (NYSE:KFY) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Korn/Ferry International (NYSE:KFY - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Monday.

A number of other equities analysts also recently weighed in on the stock. Truist Financial lifted their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. UBS Group decreased their price target on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th.

Korn/Ferry International Trading Down 0.6%

NYSE KFY traded down $0.46 during mid-day trading on Monday, reaching $73.05. 884,820 shares of the stock were exchanged, compared to its average volume of 390,063. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The stock has a 50 day simple moving average of $67.12 and a 200-day simple moving average of $67.06. The stock has a market cap of $3.77 billion, a P/E ratio of 15.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.90.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The business had revenue of $712.05 million during the quarter, compared to the consensus estimate of $690.07 million. During the same quarter last year, the firm earned $1.26 earnings per share. Korn/Ferry International's quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is currently 41.56%.

Institutional Investors Weigh In On Korn/Ferry International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in Korn/Ferry International by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after purchasing an additional 223 shares in the last quarter. CX Institutional bought a new stake in Korn/Ferry International in the first quarter valued at $39,000. Caitong International Asset Management Co. Ltd bought a new stake in Korn/Ferry International in the first quarter valued at $62,000. Wealthfront Advisers LLC acquired a new position in shares of Korn/Ferry International during the fourth quarter valued at about $76,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Korn/Ferry International by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after buying an additional 963 shares during the last quarter. 98.82% of the stock is owned by institutional investors.

About Korn/Ferry International

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.