Korn/Ferry International (NYSE:KFY) Stock Price Breaks Above 200 Day Moving Average - Should You Sell?

Key Points

• Korn Ferry shares moved above their 200-day moving average, reaching $73.69 compared with the $73.33 average, though the stock last traded near $72.87.
• Analyst sentiment remains favorable, with four Buy ratings and one Hold rating, an overall “Moderate Buy” consensus, and an average price target of $80.25.
• The company reported quarterly earnings and revenue above expectations, while paying a $0.55 quarterly dividend that equates to a 3.0% annualized yield.

Korn/Ferry International (NYSE:KFY - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $73.33 and traded as high as $73.69. Korn/Ferry International shares last traded at $72.8740, with a volume of 485,268 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen lowered Korn/Ferry International from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Weiss Ratings restated a "buy (b)" rating on shares of Korn/Ferry International in a report on Friday, September 18th. UBS Group raised their price objective on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, September 10th. Finally, Robert W. Baird raised their price objective on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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 capitalization of $3.98 billion, a price-to-earnings ratio of 13.75 and a beta of 1.25. The business's fifty day simple moving average is $78.53 and its 200 day simple moving average is $73.33.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The firm had revenue of $764.62 million for the quarter, compared to analyst estimates of $737.66 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. 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 year.

Korn/Ferry International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 22nd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International's payout ratio is presently 41.51%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KFY. Bank of New York Mellon Corp bought a new position in Korn/Ferry International in the second quarter worth approximately $43,812,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Korn/Ferry International during the second quarter valued at approximately $26,722,682. Dimensional Fund Advisors LP increased its holdings in shares of Korn/Ferry International by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,003,385 shares of the business services provider's stock valued at $189,065,000 after acquiring an additional 122,669 shares in the last quarter. Leeward Investments LLC MA increased its holdings in shares of Korn/Ferry International by 42.9% during the first quarter. Leeward Investments LLC MA now owns 297,054 shares of the business services provider's stock valued at $18,700,000 after acquiring an additional 89,244 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Korn/Ferry International by 27.6% during the second quarter. Tidal Investments LLC now owns 312,031 shares of the business services provider's stock valued at $20,775,000 after acquiring an additional 67,495 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International Company Profile

Korn/Ferry International, now known as Korn Ferry, is a global organizational consulting and executive search firm. The company helps organizations address leadership, talent and workforce challenges through services that include executive recruitment, professional search, succession planning, leadership development and organizational strategy.

Korn Ferry also provides talent assessment, workforce planning, compensation and rewards consulting, recruitment process outsourcing, and learning and development solutions.

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