Korn/Ferry International $KFY Stock: State of Alaska Department of Revenue Cuts Position

State of Alaska Department of Revenue decreased its position in shares of Korn/Ferry International (NYSE:KFY – Free Report) by 48.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,420 shares of the business services provider’s stock after selling 9,915 shares during the period. State of Alaska Department of Revenue’s holdings in Korn/Ferry International were worth $745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Korn/Ferry International by 3.4% in the third quarter. GAMMA Investing LLC now owns 6,615 shares of the business services provider’s stock worth $474,000 after acquiring an additional 220 shares in the last quarter. State of Wyoming increased its position in shares of Korn/Ferry International by 14.6% during the first quarter. State of Wyoming now owns 1,866 shares of the business services provider’s stock worth $117,000 after acquiring an additional 238 shares during the period. Farther Finance Advisors LLC increased its position in shares of Korn/Ferry International by 53.4% during the third quarter. Farther Finance Advisors LLC now owns 721 shares of the business services provider’s stock worth $52,000 after acquiring an additional 251 shares during the period. Root Financial Partners LLC raised its stake in shares of Korn/Ferry International by 5.3% in the first quarter. Root Financial Partners LLC now owns 5,221 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 265 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Korn/Ferry International by 80.7% in the second quarter. IFP Advisors Inc now owns 947 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 423 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Weiss Ratings restated a “buy (b)” rating on shares of Korn/Ferry International in a report on Friday, September 18th. Finally, UBS Group increased their price target on Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

Get Our Latest Research Report on Korn/Ferry International

Korn/Ferry International Trading Up 4.6%

Shares of Korn/Ferry International stock opened at $76.44 on Friday. Korn/Ferry International has a 1 year low of $58.95 and a 1 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. The company has a market capitalization of $4.17 billion, a P/E ratio of 14.42 and a beta of 1.25. The company’s fifty day moving average is $77.73 and its two-hundred day moving average is $73.70.

Korn/Ferry International (NYSE:KFY – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $764.62 million for the quarter, compared to analysts’ expectations of $737.66 million. During the same period last year, the company earned $1.26 EPS. The firm’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. Analysts forecast that Korn/Ferry International will post 5.63 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Korn/Ferry International’s payout ratio is presently 41.51%.

Korn/Ferry International Company Profile

(Free Report)

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

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