Pzena Investment Management LLC Has $60.01 Million Position in Korn/Ferry International $KFY

Pzena Investment Management LLC increased its position in Korn/Ferry International (NYSE:KFY) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 818,329 shares of the business services provider’s stock after buying an additional 50,371 shares during the period. Pzena Investment Management LLC owned 1.59% of Korn/Ferry International worth $60,008,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Korn/Ferry International by 21.1% during the second quarter. Blue Trust Inc. now owns 937 shares of the business services provider’s stock worth $69,000 after purchasing an additional 163 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of 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 valued at $414,000 after acquiring an additional 165 shares during the period. Xponance Inc. boosted its position in shares of Korn/Ferry International by 3.8% in the first quarter. Xponance Inc. now owns 5,004 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 184 shares during the period. Hohimer Wealth Management LLC boosted its position in shares of Korn/Ferry International by 5.8% in the first quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 188 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Down 3.6%

Shares of KFY stock opened at $67.87 on Monday. The stock has a market cap of $3.56 billion, a P/E ratio of 14.41 and a beta of 1.47. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The stock has a fifty day moving average price of $72.33 and a 200 day moving average price of $69.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.21 and a quick ratio of 2.21.

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

Korn/Ferry International declared that its board has initiated a stock repurchase program on Thursday, September 18th that authorizes the company to buyback $331.40 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Korn/Ferry International Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on KFY. Wall Street Zen cut Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Korn/Ferry International in a research report on Wednesday, October 8th. Finally, Truist Financial increased their price objective on Korn/Ferry International from $80.00 to $88.00 and gave the company 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.00.

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.