Korn/Ferry International (NYSE:KFY) Share Price Crosses Above 50 Day Moving Average – Time to Sell?
by Mitch Edgeman · The Markets DailyShares of Korn/Ferry International (NYSE:KFY – Get Free Report) 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 trading hands.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on KFY shares. UBS Group upped their price objective on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Weiss Ratings restated a “buy (b)” rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Wall Street Zen cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Finally, Zacks Research downgraded shares of Korn/Ferry International from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 3rd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Korn/Ferry International has an average rating of “Moderate Buy” and a consensus price target of $80.25.
Read Our Latest Research Report on KFY
Korn/Ferry International Trading Down 0.4%
The business’s 50 day simple moving average is $75.32 and its two-hundred day simple moving average is $71.50. The stock has a market cap of $4.13 billion, a P/E ratio of 14.29 and a beta of 1.25. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.
Korn/Ferry International (NYSE:KFY – Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The firm had revenue of $764.62 million during the quarter, compared to analysts’ expectations of $737.66 million. During the same period in the prior year, the company posted $1.26 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. As a group, analysts expect that Korn/Ferry International will post 5.63 EPS for the current year.
Korn/Ferry International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 22nd were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Korn/Ferry International’s payout ratio is presently 41.51%.
Hedge Funds Weigh In On Korn/Ferry International
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP lifted its holdings in shares of Korn/Ferry International by 63.5% during the 3rd quarter. First Trust Advisors LP now owns 793,733 shares of the business services provider’s stock valued at $56,823,000 after buying an additional 308,373 shares during the period. Boston Partners boosted its stake in shares of Korn/Ferry International by 45.8% in the 3rd quarter. Boston Partners now owns 561,027 shares of the business services provider’s stock worth $40,131,000 after buying an additional 176,154 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Korn/Ferry International by 1.6% in the third quarter. Voya Investment Management LLC now owns 10,172 shares of the business services provider’s stock worth $728,000 after acquiring an additional 158 shares during the period. Cibc World Market Inc. bought a new stake in shares of Korn/Ferry International in the third quarter worth $330,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Korn/Ferry International in the third quarter worth $10,909,000. 98.82% of the stock is 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.