Korn/Ferry International (NYSE:KFY) Reaches New 52-Week High - Here's Why

Key Points

• Korn/Ferry International shares reached a new 52-week high, trading as high as $85.97 and recently rising 1.2%. The stock has benefited from generally positive analyst sentiment, with an average “Moderate Buy” rating.
• The company exceeded quarterly expectations, reporting adjusted EPS of $1.40 versus the $1.37 consensus and revenue of $768.26 million, up 6.7% year over year.
• Korn/Ferry declared a quarterly dividend of $0.55 per share, equivalent to $2.20 annually and a 2.6% yield; institutional investors own approximately 98.82% of the company’s stock.

Korn/Ferry International (NYSE:KFY - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $85.97 and last traded at $85.2760, with a volume of 46313 shares trading hands. The stock had previously closed at $83.87.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird increased their target price on Korn/Ferry International from $84.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday, June 24th. Weiss Ratings raised Korn/Ferry International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. UBS Group lifted their price objective on shares of Korn/Ferry International from $70.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, June 24th. Wall Street Zen cut shares of Korn/Ferry International from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Truist Financial lifted their price target on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Korn/Ferry International has an average rating of "Moderate Buy" and an average target price of $78.50.

Korn/Ferry International Trading Up 1.2%

The firm has a market cap of $4.36 billion, a P/E ratio of 16.20 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a fifty day moving average of $76.44 and a 200-day moving average of $69.02.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.03. The company had revenue of $768.26 million for the quarter, compared to analysts' expectations of $743.35 million. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Equities research analysts forecast that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a $0.55 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.98%.

Hedge Funds Weigh In On Korn/Ferry International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in shares of Korn/Ferry International by 69.4% in the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider's stock worth $33,000 after acquiring an additional 206 shares during the period. Clearstead Advisors LLC increased its stake in shares of Korn/Ferry International by 30,350.0% during the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider's stock valued at $40,000 after acquiring an additional 607 shares during the period. Kestra Investment Management LLC increased its stake in shares of Korn/Ferry International by 71.8% during the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider's stock valued at $42,000 after acquiring an additional 242 shares during the period. Canada Pension Plan Investment Board raised its holdings in Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider's stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Korn/Ferry International in the fourth quarter worth approximately $52,000. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Company Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company's core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source