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

Wall Street Zen lowered shares of Korn/Ferry International (NYSE:KFY - Free Report) from a strong-buy rating to a buy rating in a research note published on Wednesday.

A number of other brokerages have also recently commented on KFY. Truist Financial raised their target price on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Friday, June 20th. UBS Group reduced their price target on 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 Performance

NYSE:KFY traded down $1.24 on Wednesday, hitting $73.56. The stock had a trading volume of 428,901 shares, compared to its average volume of 401,034. The business's 50-day simple moving average is $69.81 and its two-hundred day simple moving average is $67.44. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 15.92 and a beta of 1.42. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted 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. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The company had revenue of $712.05 million for the quarter, compared to the consensus estimate of $690.07 million. During the same quarter last year, the firm posted $1.26 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $0.48 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.61%. Korn/Ferry International's payout ratio is currently 41.56%.

Institutional Trading of Korn/Ferry International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in Korn/Ferry International by 1.2% in the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock worth $1,018,000 after buying an additional 176 shares during the period. Xponance Inc. boosted its stake in shares of Korn/Ferry International by 3.8% in the first quarter. Xponance Inc. now owns 5,004 shares of the business services provider's stock worth $339,000 after acquiring an additional 184 shares during the period. Hohimer Wealth Management LLC boosted its stake in shares of Korn/Ferry International by 5.8% in the first quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock worth $233,000 after acquiring an additional 188 shares during the period. GAMMA Investing LLC grew its position in shares of Korn/Ferry International by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock worth $131,000 after purchasing an additional 199 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Korn/Ferry International by 75.9% during the 1st 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 during the period. 98.82% of the stock is owned by hedge funds and other 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.