Quantinno Capital Management LP Boosts Stake in Korn/Ferry International $KFY

Quantinno Capital Management LP increased its holdings in shares of Korn/Ferry International (NYSE:KFYFree Report) by 657.5% during the first quarter, HoldingsChannel reports. The fund owned 67,616 shares of the business services provider’s stock after buying an additional 58,690 shares during the period. Quantinno Capital Management LP’s holdings in Korn/Ferry International were worth $4,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in shares of Korn/Ferry International by 13.6% during the 1st quarter. Lazard Asset Management LLC now owns 74,429 shares of the business services provider’s stock worth $4,685,000 after purchasing an additional 8,917 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Korn/Ferry International in the first quarter valued at about $3,626,000. Morningstar Investment Management LLC acquired a new stake in shares of Korn/Ferry International in the first quarter valued at about $446,000. Inceptionr LLC purchased a new stake in Korn/Ferry International during the first quarter worth about $700,000. Finally, Sei Investments Co. grew its position in Korn/Ferry International by 40.8% during the first quarter. Sei Investments Co. now owns 184,104 shares of the business services provider’s stock worth $11,589,000 after buying an additional 53,393 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

Shares of KFY opened at $84.12 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.28 billion, a P/E ratio of 16.05 and a beta of 1.19. The company has a 50-day moving average of $74.79 and a two-hundred day moving average of $68.23. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $85.69.

Korn/Ferry International (NYSE:KFYGet Free Report) last released its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, research analysts predict that Korn/Ferry International will post 5.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were given a dividend of $0.55 per share. The ex-dividend date was Monday, July 6th. This represents a $2.20 dividend on an annualized basis and a yield of 2.6%. Korn/Ferry International’s dividend payout ratio (DPR) is 41.98%.

Analyst Ratings Changes

A number of research analysts have issued reports on KFY shares. Wall Street Zen cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Truist Financial upped their price target on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Robert W. Baird raised their price objective on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. UBS Group lifted their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Check Out Our Latest Research Report on Korn/Ferry International

About Korn/Ferry International

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Korn/Ferry International (NYSE:KFY)

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