Korn Ferry (NYSE:KFY) Reaches New 52-Week Low – Time to Sell?

Korn Ferry (NYSE:KFY) shares reached a new 52-week low on Monday . The company traded as low as $59.23 and last traded at $59.44, with a volume of 138812 shares traded. The stock had previously closed at $60.72.

Analysts Set New Price Targets

Separately, Truist Financial cut their price target on Korn Ferry from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th.

Korn Ferry Stock Performance

The company’s 50 day simple moving average is $65.29 and its 200 day simple moving average is $69.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $3.07 billion, a PE ratio of 12.74 and a beta of 1.40.

Korn Ferry (NYSE:KFY) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $676.50 million for the quarter, compared to analysts’ expectations of $650.45 million. During the same period in the previous year, the business posted $1.07 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend payout ratio (DPR) is currently 41.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KFY. Versant Capital Management Inc lifted its position in shares of Korn Ferry by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider’s stock worth $35,000 after acquiring an additional 223 shares in the last quarter. CX Institutional purchased a new stake in Korn Ferry during the 1st quarter worth about $39,000. Wealthfront Advisers LLC bought a new position in Korn Ferry in the 4th quarter worth about $76,000. Smartleaf Asset Management LLC lifted its holdings in shares of Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock worth $93,000 after buying an additional 963 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 1,491 shares during the period. 98.82% of the stock is owned by institutional investors.

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.