Korn/Ferry International (NYSE:KFY) Stock Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Korn/Ferry shares crossed above their 50-day moving average, trading at $76.05 versus the average of $75.65; the 200-day average was $71.42.
• Analyst views are mixed, but the consensus rating is Moderate Buy, with an average price target of $80.25. UBS raised its target to $82 while maintaining a neutral rating.
• In its latest reported quarter, the company beat estimates with EPS of $1.43 and revenue of $764.62 million; revenue grew 6.9% year over year. Its quarterly dividend was $0.55 per share, equivalent to a 2.9% yield.

Korn/Ferry International (NYSE:KFY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $75.65 and traded as high as $76.19. Korn/Ferry International shares last traded at $76.05, with a volume of 309,119 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KFY shares. Zacks Research cut shares of Korn/Ferry International from a "hold" rating to a "strong sell" rating in a research report on Tuesday, November 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Wall Street Zen lowered Korn/Ferry International from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Finally, UBS Group boosted their price target on Korn/Ferry International from $75.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, September 10th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.25.

Korn/Ferry International Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 14.35 and a beta of 1.25. The business's 50-day moving average price is $75.65 and its two-hundred day moving average price is $71.42.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The firm had revenue of $764.62 million for the quarter, compared to analysts' expectations of $737.66 million. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. On average, research analysts forecast that Korn/Ferry International will post 5.63 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 22nd were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International's payout ratio is currently 41.51%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Korn/Ferry International in the 2nd quarter valued at approximately $446,000. Congress Asset Management Co. raised its position in shares of Korn/Ferry International by 21.2% during the 3rd quarter. Congress Asset Management Co. now owns 59,098 shares of the business services provider's stock valued at $4,231,000 after acquiring an additional 10,357 shares in the last quarter. California State Teachers Retirement System lifted its stake in Korn/Ferry International by 24.5% during the first quarter. California State Teachers Retirement System now owns 61,713 shares of the business services provider's stock worth $3,885,000 after purchasing an additional 12,147 shares during the last quarter. Renaissance Technologies LLC bought a new position in Korn/Ferry International during the first quarter worth $3,626,000. Finally, Principal Financial Group Inc. lifted its stake in Korn/Ferry International by 10.1% during the first quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider's stock worth $20,693,000 after purchasing an additional 30,163 shares during the last quarter. Institutional investors own 98.82% of the company's stock.

About Korn/Ferry International

Korn Ferry is a global organizational consulting firm that helps companies align their business strategies with their talent and organizational capabilities. Founded in 1969 as an executive-search firm, it has expanded into a broader provider of talent and leadership services. The company's offerings include executive and professional search, recruitment process outsourcing, leadership assessment and development, succession planning, and organizational and compensation consulting. It also provides digital tools and advisory services to support workforce planning and talent management.

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