Korn/Ferry International (NYSE:KFY) Sets New 1-Year High - What's Next?

Key Points

• Korn/Ferry shares reached a new 52-week high of $87.51, supported by strong technical momentum, although the stock later traded down 0.7%. Institutional investors own 98.82% of the company.
• The company exceeded quarterly expectations, reporting $1.40 EPS versus the $1.37 consensus and $768.26 million in revenue, up 6.7% year over year. Analysts forecast $5.75 EPS for the current fiscal year.
• Analyst sentiment remains favorable, with four Buy ratings and one Hold rating, producing a “Moderate Buy” consensus; however, the average price target of $78.50 is below the recent share price. Korn/Ferry also maintains a quarterly dividend of $0.55 per share, yielding approximately 2.6%.

Shares of Korn/Ferry International (NYSE:KFY - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $87.51 and last traded at $86.6350, with a volume of 532599 shares changing hands. The stock had previously closed at $86.28.

Wall Street Analysts Forecast Growth

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

Korn/Ferry International Trading Down 0.7%

The stock has a market capitalization of $4.40 billion, a PE ratio of 16.35 and a beta of 1.19. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $78.45 and a 200-day moving average price of $69.98.

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

Korn/Ferry International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International's dividend payout ratio is currently 41.98%.

Institutional Investors Weigh In On Korn/Ferry International

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Korn/Ferry International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider's stock valued at $406,649,000 after purchasing an additional 44,425 shares during the period. California State Teachers Retirement System raised its stake in shares of Korn/Ferry International by 6,374.4% in the second quarter. California State Teachers Retirement System now owns 3,995,532 shares of the business services provider's stock valued at $266,023,000 after buying an additional 3,933,819 shares during the period. Wellington Management Group LLP lifted its position in shares of Korn/Ferry International by 48.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider's stock valued at $243,221,000 after buying an additional 1,132,473 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Korn/Ferry International by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,003,385 shares of the business services provider's stock worth $189,065,000 after acquiring an additional 122,669 shares during the period. Finally, State Street Corp grew its stake in shares of Korn/Ferry International by 1.6% during the 4th quarter. State Street Corp now owns 2,000,452 shares of the business services provider's stock worth $132,933,000 after acquiring an additional 31,175 shares during the period. 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.

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