Verdence Capital Advisors LLC Boosts Stock Position in Korn/Ferry International $KFY

Verdence Capital Advisors LLC raised its stake in Korn/Ferry International (NYSE:KFY) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,296 shares of the business services provider’s stock after buying an additional 225 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Korn/Ferry International were worth $608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC grew its stake in Korn/Ferry International by 6.6% in the second quarter. Pzena Investment Management LLC now owns 818,329 shares of the business services provider’s stock valued at $60,008,000 after purchasing an additional 50,371 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Korn/Ferry International by 7.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,487,048 shares of the business services provider’s stock worth $109,908,000 after acquiring an additional 98,548 shares in the last quarter. Meritage Portfolio Management boosted its holdings in Korn/Ferry International by 4.3% in the second quarter. Meritage Portfolio Management now owns 5,642 shares of the business services provider’s stock worth $414,000 after acquiring an additional 231 shares in the last quarter. CWM LLC boosted its holdings in Korn/Ferry International by 79.8% in the second quarter. CWM LLC now owns 2,480 shares of the business services provider’s stock worth $182,000 after acquiring an additional 1,101 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Korn/Ferry International by 3.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,648 shares of the business services provider’s stock worth $414,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Korn/Ferry International in a report on Wednesday, October 8th. Truist Financial raised their price target on Korn/Ferry International from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, June 20th. Finally, Wall Street Zen downgraded Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 9th. Two equities 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 company currently has an average rating of “Moderate Buy” and an average target price of $81.00.

Korn/Ferry International Trading Up 0.6%

Korn/Ferry International stock opened at $69.80 on Wednesday. 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 has a 52 week low of $59.23 and a 52 week high of $80.64. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 14.82 and a beta of 1.47. The stock has a 50-day moving average price of $72.31 and a 200 day moving average price of $69.70.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Korn/Ferry International had a return on equity of 14.55% and a net margin of 8.95%.The company had revenue of $708.61 million during the quarter, compared to the consensus estimate of $688.72 million. During the same period in the previous year, the company posted $1.17 earnings per share. Korn/Ferry International’s revenue for the quarter was up 4.8% on a year-over-year basis. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Sell-side analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current year.

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

Korn/Ferry International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $1.92 dividend on an annualized basis and a yield of 2.8%. Korn/Ferry International’s payout ratio is presently 40.76%.

About Korn/Ferry International

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.