Lazard Asset Management LLC Acquires 8,917 Shares of Korn/Ferry International $KFY

Lazard Asset Management LLC raised its holdings in Korn/Ferry International (NYSE:KFY) by 13.6% in the first quarter, Holdings Channel.com reports. The fund owned 74,429 shares of the business services provider’s stock after acquiring an additional 8,917 shares during the quarter. Lazard Asset Management LLC’s holdings in Korn/Ferry International were worth $4,685,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of Korn/Ferry International by 22.7% during the 1st quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock valued at $775,000 after purchasing an additional 2,112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Korn/Ferry International by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock worth $2,073,000 after purchasing an additional 1,009 shares in the last quarter. Millennium Management LLC boosted its holdings in Korn/Ferry International by 566.9% in the first quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock worth $8,464,000 after purchasing an additional 106,076 shares in the last quarter. United Services Automobile Association acquired a new position in Korn/Ferry International during the first quarter worth $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Korn/Ferry International by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock worth $11,704,000 after buying an additional 11,020 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Truist Financial boosted their price target on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. UBS Group raised their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Robert W. Baird upped their target price on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Korn/Ferry International Stock Performance

NYSE:KFY opened at $82.17 on Friday. The firm has a market capitalization of $4.18 billion, a PE ratio of 15.68 and a beta of 1.21. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $85.69. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $73.36 and its 200 day simple moving average is $67.70.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The firm had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. During the same quarter in the previous year, the business earned $1.32 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, sell-side analysts anticipate that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a $0.55 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. Korn/Ferry International’s payout ratio is presently 41.98%.

Korn/Ferry International Company Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.