Pzena Investment Management LLC reduced its stake in shares of Korn/Ferry International (NYSE:KFY – Free Report) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 834,540 shares of the business services provider’s stock after selling 33,140 shares during the period. Pzena Investment Management LLC owned 1.53% of Korn/Ferry International worth $59,745,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Korn/Ferry International in the 2nd quarter worth $446,000. Congress Asset Management Co. grew its position in Korn/Ferry International by 21.2% during the third quarter. Congress Asset Management Co. now owns 59,098 shares of the business services provider’s stock valued at $4,231,000 after acquiring an additional 10,357 shares during the period. California State Teachers Retirement System grew its position in Korn/Ferry International by 24.5% during the first quarter. California State Teachers Retirement System now owns 61,713 shares of the business services provider’s stock valued at $3,885,000 after acquiring an additional 12,147 shares during the period. Principal Financial Group Inc. grew its position in Korn/Ferry International by 10.1% during the first quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock valued at $20,693,000 after acquiring an additional 30,163 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Korn/Ferry International during the first quarter worth about $3,626,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. UBS Group raised their target price on shares of Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Korn/Ferry International in a report on Friday, September 18th. Four investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.25.
Check Out Our Latest Research Report on Korn/Ferry International
Korn/Ferry International Stock Performance
Korn/Ferry International stock opened at $78.08 on Thursday. The firm has a market capitalization of $4.26 billion, a PE ratio of 14.73 and a beta of 1.25. The stock’s 50 day moving average price is $76.39 and its 200 day moving average price is $71.26. Korn/Ferry International has a one year low of $58.95 and a one year high of $87.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.37 and a current ratio of 2.37.
Korn/Ferry International (NYSE:KFY – Get Free Report) last posted its earnings results on Wednesday, September 9th. The business services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The business had revenue of $764.62 million for the quarter, compared to analysts’ expectations of $737.66 million. During the same period in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. As a group, sell-side analysts expect that Korn/Ferry International will post 5.63 EPS for the current fiscal year.
Korn/Ferry International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 22nd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio is currently 41.51%.
About Korn/Ferry International
Korn Ferry is a global organizational consulting firm that helps companies and other institutions align their people, strategy and operations. Its services are designed to support organizations across the employee lifecycle, from attracting and selecting talent to developing leaders, improving performance and managing organizational change.
The company’s principal offerings include executive search and professional recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, executive coaching, compensation and rewards consulting, and broader organizational strategy.
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