The stock of Korn Ferry (NYSE:KFY) last traded at $52.33, down -4.45% from the previous session.
Data from the available sources indicates that Korn Ferry (NYSE:KFY) is covered by 5 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $72.00 and a low of $61.00, we find $67.00. Given the previous closing price of $54.77, this indicates a potential upside of 22.33 percent. KFY stock price is now -4.28% away from the 50-day moving average and -6.71% away from the 200-day moving average. The market capitalization of the company currently stands at $2.85B.
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In total, 1 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $66.75 as their price target over the next twelve months.
On November 25, 2020, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $49, while ‘Sidoti’ rates the stock as ‘Buy’.
Insiders disposed of 185,413 shares of company stock worth roughly $9.7 million over the past 1 year. A total of 2.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KFY stock. A new stake in Korn Ferry shares was purchased by ENGINE CAPITAL MANAGEMENT, LP during the first quarter worth $9,108,000. FIL LTD invested $3,739,000 in shares of KFY during the first quarter. In the first quarter, WESBANCO BANK INC acquired a new stake in Korn Ferry valued at approximately $1,728,000. CI PRIVATE WEALTH, LLC acquired a new stake in KFY for approximately $1,629,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in KFY valued at around $1,368,000 in the second quarter. In total, there are 404 active investors with 97.30% ownership of the company’s stock.
With an opening price of $53.79 on Monday morning, Korn Ferry (NYSE: KFY) set off the trading day. During the past 12 months, Korn Ferry has had a low of $46.47 and a high of $69.02. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 2.00, and a quick ratio of 2.00. The fifty day moving average price for KFY is $54.67 and a two-hundred day moving average price translates $56.10 for the stock.
The latest earnings results from Korn Ferry (NYSE: KFY) was released for Oct, 2022. According to the Staffing & Employment Services Company, earnings per share came in at $1.43, beating analysts’ expectations of $1.41 by 0.02. This compares to $1.59 EPS in the same period last year. The company reported revenue of $686.85 million for the quarter, compared to $684.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.28 percent. For the current quarter, analysts expect KFY to generate $669.99M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/21/2022 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 1.15% percent yield. There was an ex-dividend date of 12/20/2022 for this dividend. In terms of dividend payout ratio, KFY is presently at 8.40%.
Korn Ferry(KFY) 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. It also offers organizational strategy, assessment and succession, leadership and professional development, and total reward services. In addition, the company provides RPO, business project, professional search, and outsource recruiting solutions. Further, the company offers tech-enabled solutions that identify structures, roles, capabilities, and behaviors to drive businesses. It serves public and private companies, and middle market and emerging growth companies, as well as government and non-profit organizations. The company was formerly known as Korn/Ferry International and changed its name to Korn Ferry in January 2019. Korn Ferry was founded in 1969 and is based in Los Angeles, California.
