Korn Ferry (NYSE:KFY) Price Target Increased to $79.00 by Analysts at Robert W. Baird

Korn Ferry (NYSE:KFY) had its target price upped by Robert W. Baird from $72.00 to $79.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other research analysts have also commented on KFY. StockNews.com lowered shares of Korn Ferry from a buy rating to a hold rating in a research note on Wednesday, June 12th. UBS Group increased their price target on shares of Korn Ferry from $66.00 to $68.00 and gave the stock a neutral rating in a research note on Friday, June 7th. Truist Financial upped their price objective on shares of Korn Ferry from $64.00 to $74.00 and gave the stock a buy rating in a report on Monday, March 4th. Finally, William Blair raised shares of Korn Ferry from a market perform rating to an outperform rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $75.00.

Korn Ferry Stock Down 1.0 %

Korn Ferry stock opened at $66.10 on Friday. The firm has a market cap of $3.47 billion, a PE ratio of 20.53 and a beta of 1.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.79. The firm’s 50 day moving average price is $63.85 and its two-hundred day moving average price is $61.11. Korn Ferry has a twelve month low of $44.45 and a twelve month high of $70.78.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.13. The firm had revenue of $690.80 million for the quarter, compared to analyst estimates of $687.36 million. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. On average, research analysts predict that Korn Ferry will post 4.86 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This is an increase from Korn Ferry’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 2.24%. Korn Ferry’s dividend payout ratio is 40.99%.

Institutional Trading of Korn Ferry

Several hedge funds and other institutional investors have recently bought and sold shares of KFY. Quest Partners LLC acquired a new stake in Korn Ferry in the 4th quarter worth $29,000. GAMMA Investing LLC acquired a new stake in Korn Ferry in the 4th quarter worth $45,000. DekaBank Deutsche Girozentrale acquired a new stake in Korn Ferry in the 3rd quarter worth $52,000. Quadrant Capital Group LLC grew its position in Korn Ferry by 90.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock worth $63,000 after purchasing an additional 503 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Korn Ferry by 13.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock worth $151,000 after purchasing an additional 301 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Company Profile

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.