Morningstar Investment Management LLC Makes New Investment in Korn/Ferry International $KFY

Morningstar Investment Management LLC acquired a new position in shares of Korn/Ferry International (NYSE:KFY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,092 shares of the business services provider’s stock, valued at approximately $446,000.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in Korn/Ferry International by 0.5% during the fourth quarter. Russell Investments Group Ltd. now owns 31,860 shares of the business services provider’s stock worth $2,103,000 after acquiring an additional 167 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Korn/Ferry International by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,583 shares of the business services provider’s stock worth $369,000 after purchasing an additional 178 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Korn/Ferry International by 2.9% during the 3rd quarter. Vise Technologies Inc. now owns 6,378 shares of the business services provider’s stock worth $446,000 after purchasing an additional 179 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Korn/Ferry International by 0.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 27,555 shares of the business services provider’s stock worth $1,819,000 after purchasing an additional 181 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Korn/Ferry International by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,013 shares of the business services provider’s stock valued at $793,000 after buying an additional 200 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. 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 research report on Wednesday, June 24th. UBS Group boosted their price objective on shares of Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Truist Financial upped their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Korn/Ferry International Price Performance

Shares of KFY opened at $78.28 on Monday. The company’s 50-day moving average is $71.72 and its 200-day moving average is $67.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market capitalization of $3.98 billion, a PE ratio of 14.94 and a beta of 1.21. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $79.97.

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

Korn/Ferry International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Korn/Ferry International’s dividend payout ratio is presently 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.