Wall Street Zen Downgrades Korn/Ferry International (NYSE:KFY) to Buy

Wall Street Zen downgraded shares of Korn/Ferry International (NYSE:KFY - Free Report) from a strong-buy rating to a buy rating in a report issued on Wednesday.

Other research analysts have also issued research reports about the stock. Truist Financial boosted 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 report on Friday, June 20th. UBS Group cut their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th.

Korn/Ferry International Stock Up 1.3%

NYSE:KFY traded up $0.95 during trading hours on Wednesday, reaching $74.76. The company's stock had a trading volume of 461,715 shares, compared to its average volume of 401,489. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 16.18 and a beta of 1.42. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The business's 50-day moving average is $69.11 and its 200-day moving average is $67.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83.

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

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.56%.

Institutional Investors Weigh In On Korn/Ferry International

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

Korn/Ferry International 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.