Korn/Ferry International (NYSE:KFY) Shares Cross Above 200 Day Moving Average – Time to Sell?

Korn/Ferry International (NYSE:KFY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.28 and traded as high as $69.53. Korn/Ferry International shares last traded at $67.8880, with a volume of 917,097 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Truist Financial lifted their price objective on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Robert W. Baird boosted their target price on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Finally, UBS Group upped their target price on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Korn/Ferry International has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Korn/Ferry International Trading Down 0.1%

The stock’s 50 day simple moving average is $68.83 and its 200 day simple moving average is $66.28. The firm has a market cap of $3.54 billion, a PE ratio of 13.29 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 1.94.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $768.26 million for the quarter, compared to analysts’ expectations of $743.35 million. During the same quarter last year, the company posted $1.32 EPS. The business’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. On average, sell-side analysts forecast that Korn/Ferry International will post 5.75 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.98%.

Institutional Trading of Korn/Ferry International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Korn/Ferry International by 22.7% during the first quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock valued at $775,000 after acquiring an additional 2,112 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Korn/Ferry International by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock valued at $2,073,000 after purchasing an additional 1,009 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Korn/Ferry International by 566.9% in the 1st quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock valued at $8,464,000 after purchasing an additional 106,076 shares in the last quarter. United Services Automobile Association bought a new position in shares of Korn/Ferry International during the 1st quarter valued at $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Korn/Ferry International by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock valued at $11,704,000 after purchasing an additional 11,020 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

About Korn/Ferry International

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.