Renaissance Technologies LLC Acquires Shares of 57,600 Korn/Ferry International $KFY

Renaissance Technologies LLC acquired a new position in Korn/Ferry International (NYSE:KFY) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 57,600 shares of the business services provider’s stock, valued at approximately $3,626,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Korn/Ferry International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider’s stock valued at $406,649,000 after buying an additional 44,425 shares during the period. Moran Wealth Management LLC bought a new stake in shares of Korn/Ferry International in the first quarter valued at about $2,128,000. M&T Bank Corp lifted its stake in Korn/Ferry International by 5,956.0% in the fourth quarter. M&T Bank Corp now owns 229,884 shares of the business services provider’s stock worth $15,177,000 after acquiring an additional 226,088 shares during the period. William Blair Investment Management LLC grew its holdings in Korn/Ferry International by 4.2% during the 4th quarter. William Blair Investment Management LLC now owns 414,465 shares of the business services provider’s stock worth $27,363,000 after acquiring an additional 16,821 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Korn/Ferry International by 10.1% during the 1st quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock worth $20,693,000 after acquiring an additional 30,163 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KFY has been the subject of several recent research reports. Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Robert W. Baird lifted their price objective on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. UBS Group upped their target price on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Finally, Truist Financial increased their target price on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Korn/Ferry International currently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Korn/Ferry International Price Performance

NYSE KFY opened at $84.12 on Friday. The firm’s fifty day simple moving average is $74.79 and its two-hundred day simple moving average is $68.23. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $85.69. The firm has a market capitalization of $4.28 billion, a P/E ratio of 16.05 and a beta of 1.19.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Analysts forecast that Korn/Ferry International will post 5.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders 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 yield of 2.6%. Korn/Ferry International’s dividend payout ratio (DPR) is 41.98%.

Korn/Ferry International 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.