Research Analysts’ Recent Ratings Updates for Korn Ferry (KFY)

Several analysts have recently updated their ratings and price targets for Korn Ferry (NYSE: KFY):

• 6/20/2024 – Korn Ferry was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 6/14/2024 – Korn Ferry had its price target raised by analysts at Robert W. Baird from $72.00 to $79.00. They now have an “outperform” rating on the stock.
• 6/14/2024 – Korn Ferry had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $78.00 price target on the stock, up previously from $74.00.
• 6/12/2024 – Korn Ferry was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 6/7/2024 – Korn Ferry had its price target raised by analysts at UBS Group AG from $66.00 to $68.00. They now have a “neutral” rating on the stock.

Korn Ferry Price Performance

KFY stock opened at $66.00 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.79 and a debt-to-equity ratio of 0.23. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $70.78. The firm has a market cap of $3.47 billion, a P/E ratio of 20.50 and a beta of 1.48. The company’s 50-day moving average price is $64.77 and its two-hundred day moving average price is $61.85.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.13 by $0.13. The firm had revenue of $690.80 million for the quarter, compared to analyst estimates of $687.36 million. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. On average, analysts anticipate that Korn Ferry will post 4.86 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, July 3rd. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 2.24%. Korn Ferry’s payout ratio is 40.99%.

Insider Activity at Korn Ferry

In related news, CEO Mark Arian sold 5,000 shares of Korn Ferry stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $66.01, for a total transaction of $330,050.00. Following the sale, the chief executive officer now directly owns 91,484 shares of the company’s stock, valued at approximately $6,038,858.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Korn Ferry

Several hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its position in Korn Ferry by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 13,925 shares of the business services provider’s stock worth $826,000 after buying an additional 188 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Korn Ferry by 13.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock worth $151,000 after purchasing an additional 301 shares during the period. GAMMA Investing LLC lifted its position in shares of Korn Ferry by 40.1% in the 1st quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock worth $71,000 after purchasing an additional 311 shares during the period. Azzad Asset Management Inc. ADV lifted its position in shares of Korn Ferry by 2.5% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 14,548 shares of the business services provider’s stock worth $957,000 after purchasing an additional 360 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Korn Ferry by 3.1% in the 1st quarter. QRG Capital Management Inc. now owns 13,183 shares of the business services provider’s stock worth $867,000 after purchasing an additional 391 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

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.