Short Interest in Korn/Ferry International (NYSE:KFY) Decreases By 22.2%

Korn/Ferry International (NYSE:KFY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,132,090 shares, a drop of 22.2% from the November 30th total of 1,454,824 shares. Based on an average trading volume of 558,627 shares, the short-interest ratio is currently 2.0 days. Approximately 2.2% of the shares of the company are sold short. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 558,627 shares, the short-interest ratio is currently 2.0 days.

Korn/Ferry International Price Performance

Shares of Korn/Ferry International stock traded down $0.81 on Thursday, hitting $66.06. The company’s stock had a trading volume of 210,885 shares, compared to its average volume of 529,640. The company has a market capitalization of $3.45 billion, a P/E ratio of 13.40 and a beta of 1.34. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $78.50. The firm has a fifty day moving average price of $66.46 and a 200-day moving average price of $70.22. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Tuesday, December 9th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Korn/Ferry International had a net margin of 9.21% and a return on equity of 14.53%. The company had revenue of $729.80 million during the quarter, compared to analysts’ expectations of $705.16 million. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Korn/Ferry International has set its Q3 2026 guidance at 1.19-1.250 EPS. On average, equities research analysts expect that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 19th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, December 19th. Korn/Ferry International’s payout ratio is 38.95%.

Korn/Ferry International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 18th that permits the company to repurchase $331.40 million in shares. This repurchase authorization permits the business services provider to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Korn/Ferry International

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Korn/Ferry International by 48.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock valued at $243,221,000 after acquiring an additional 1,132,473 shares during the last quarter. Norges Bank acquired a new stake in Korn/Ferry International during the 2nd quarter worth approximately $46,024,000. Adage Capital Partners GP L.L.C. purchased a new position in Korn/Ferry International in the second quarter valued at approximately $32,559,000. Tributary Capital Management LLC increased its position in shares of Korn/Ferry International by 92.6% in the third quarter. Tributary Capital Management LLC now owns 611,224 shares of the business services provider’s stock worth $42,773,000 after acquiring an additional 293,789 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Korn/Ferry International by 68.4% in the 2nd quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider’s stock valued at $48,775,000 after acquiring an additional 270,256 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KFY. The Goldman Sachs Group cut their price target on shares of Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 21st. Wall Street Zen downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Korn/Ferry International in a report on Friday, October 31st. Three 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.67.

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.