Blair William & Co. IL lifted its stake in Korn/Ferry International (NYSE:KFY – Free Report) by 29.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,831 shares of the business services provider’s stock after purchasing an additional 39,029 shares during the period. Blair William & Co. IL owned approximately 0.33% of Korn/Ferry International worth $12,527,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CX Institutional acquired a new stake in shares of Korn/Ferry International in the first quarter valued at about $39,000. GAMMA Investing LLC raised its position in Korn/Ferry International by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider’s stock worth $131,000 after acquiring an additional 199 shares during the last quarter. Jane Street Group LLC raised its position in Korn/Ferry International by 1,385.2% during the first quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider’s stock worth $13,733,000 after acquiring an additional 188,829 shares during the last quarter. Edgestream Partners L.P. raised its position in Korn/Ferry International by 140.1% during the first quarter. Edgestream Partners L.P. now owns 91,138 shares of the business services provider’s stock worth $6,182,000 after acquiring an additional 53,175 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Korn/Ferry International by 1.8% during the first quarter. Principal Financial Group Inc. now owns 284,607 shares of the business services provider’s stock worth $19,305,000 after acquiring an additional 5,128 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Korn/Ferry International in a research report on Wednesday. Finally, Truist Financial lifted their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.
Korn/Ferry International Stock Performance
NYSE:KFY opened at $67.87 on Friday. The company has a market cap of $3.56 billion, a P/E ratio of 14.41 and a beta of 1.47. The firm’s 50 day moving average is $72.33 and its two-hundred day moving average is $69.67. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.21.
Korn/Ferry International (NYSE:KFY – Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. The company had revenue of $708.61 million during the quarter, compared to analysts’ expectations of $688.72 million. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Analysts expect that Korn/Ferry International will post 4.75 EPS for the current year.
Korn/Ferry International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. Korn/Ferry International’s payout ratio is presently 40.76%.
Korn/Ferry International declared that its board has approved a stock buyback plan on Thursday, September 18th that allows the company to repurchase $331.40 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Korn/Ferry International 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.
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