Korn Ferry (NYSE:KFY) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Korn Ferry (NYSE:KFYFree Report) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other analysts also recently commented on KFY. William Blair raised shares of Korn Ferry from a market perform rating to an outperform rating in a research report on Thursday, February 29th. Robert W. Baird boosted their target price on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an outperform rating in a research report on Friday, June 14th. UBS Group boosted their target price on shares of Korn Ferry from $66.00 to $68.00 and gave the stock a neutral rating in a research report on Friday, June 7th. Finally, Truist Financial reissued a buy rating and issued a $78.00 target price (up from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $75.00.

Check Out Our Latest Stock Analysis on KFY

Korn Ferry Stock Performance

Korn Ferry stock opened at $68.27 on Thursday. The firm’s 50 day simple moving average is $64.25 and its 200-day simple moving average is $61.54. The company has a market cap of $3.59 billion, a P/E ratio of 21.20 and a beta of 1.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.79 and a quick ratio of 1.83. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $70.78.

Korn Ferry (NYSE:KFYGet Free Report) last announced its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.13. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The firm had revenue of $690.80 million for the quarter, compared to the consensus estimate of $687.36 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. As a group, equities research analysts predict that Korn Ferry will post 4.86 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. This is a boost from Korn Ferry’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.17%. Korn Ferry’s dividend payout ratio is currently 40.99%.

Insider Activity

In other news, CEO Mark Arian sold 5,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $66.01, for a total value of $330,050.00. Following the completion of the transaction, the chief executive officer now owns 91,484 shares in the company, valued at approximately $6,038,858.84. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Korn Ferry

Several large investors have recently made changes to their positions in KFY. SummerHaven Investment Management LLC grew its holdings 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 acquiring an additional 188 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Korn Ferry by 13.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock worth $151,000 after acquiring an additional 301 shares during the last quarter. GAMMA Investing LLC grew its holdings in Korn Ferry by 40.1% during the 1st quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock worth $71,000 after acquiring an additional 311 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in Korn Ferry by 2.5% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 14,548 shares of the business services provider’s stock worth $957,000 after acquiring an additional 360 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Korn Ferry by 3.1% during the 1st quarter. QRG Capital Management Inc. now owns 13,183 shares of the business services provider’s stock worth $867,000 after acquiring an additional 391 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

About Korn Ferry

(Get Free Report)

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.

Further Reading

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