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

Korn/Ferry International (NYSE:KFY)’s share price passed 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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KFY. Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Korn/Ferry International in a research note on Friday, September 18th. Zacks Research lowered shares of Korn/Ferry International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 3rd. Finally, UBS Group raised their target price on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.25.

Korn/Ferry International Stock Performance

The stock has a market capitalization of $4.15 billion, a P/E ratio of 14.35 and a beta of 1.25. The stock has a 50 day moving average of $75.65 and a 200 day moving average of $71.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.37 and a current ratio of 2.37.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $764.62 million for the quarter, compared to analyst estimates of $737.66 million. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Equities analysts predict that Korn/Ferry International will post 5.63 EPS for the current year.

Korn/Ferry International Announces Dividend

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

Institutional Trading of Korn/Ferry International

Hedge funds have recently bought and sold shares of the company. Boston Partners boosted its stake in Korn/Ferry International by 45.8% during the 3rd quarter. Boston Partners now owns 561,027 shares of the business services provider’s stock valued at $40,131,000 after purchasing an additional 176,154 shares during the period. Voya Investment Management LLC grew its position in Korn/Ferry International by 1.6% in the 3rd quarter. Voya Investment Management LLC now owns 10,172 shares of the business services provider’s stock worth $728,000 after purchasing an additional 158 shares during the last quarter. Cibc World Market Inc. acquired a new stake in shares of Korn/Ferry International in the third quarter valued at approximately $330,000. Edgestream Partners L.P. bought a new stake in shares of Korn/Ferry International during the third quarter valued at approximately $10,909,000. Finally, BCS Private Wealth Management Inc. raised its holdings in shares of Korn/Ferry International by 3.3% during the third quarter. BCS Private Wealth Management Inc. now owns 6,209 shares of the business services provider’s stock valued at $448,000 after buying an additional 199 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Company Profile

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.