Korn/Ferry International (NYSE:KFY) Price Target Raised to $70.00

Korn/Ferry International (NYSE:KFY) had its target price boosted by UBS Group from $65.00 to $70.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

KFY has been the topic of several other research reports. Weiss Ratings cut Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Truist Financial dropped their price target on Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Finally, Wall Street Zen raised Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Korn/Ferry International has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Korn/Ferry International Stock Performance

KFY opened at $60.53 on Thursday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 11.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $78.50. The business has a 50 day moving average price of $63.00 and a two-hundred day moving average price of $65.93.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The firm had revenue of $725.04 million during the quarter, compared to the consensus estimate of $692.45 million. Korn/Ferry International had a return on equity of 14.36% and a net margin of 9.29%.The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 earnings per share. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. Research analysts predict that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.55 per share. This is an increase from Korn/Ferry International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.20 annualized dividend and a yield of 3.6%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 43.48%.

Institutional Trading of Korn/Ferry International

Several large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in shares of Korn/Ferry International by 241.1% in the fourth quarter. Hsbc Holdings PLC now owns 10,720 shares of the business services provider’s stock worth $708,000 after acquiring an additional 7,577 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Korn/Ferry International by 208.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,186 shares of the business services provider’s stock worth $78,000 after acquiring an additional 802 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Korn/Ferry International by 7.7% in the fourth quarter. Virtu Financial LLC now owns 4,799 shares of the business services provider’s stock worth $317,000 after acquiring an additional 343 shares during the last quarter. State of Tennessee Department of Treasury increased its holdings in Korn/Ferry International by 43.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 21,362 shares of the business services provider’s stock worth $1,484,000 after buying an additional 6,480 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Korn/Ferry International in the fourth quarter worth approximately $630,000. 98.82% of the stock is owned by institutional investors and hedge funds.

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.