Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Korn/Ferry International (NYSE:KFY – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,943 shares of the business services provider’s stock, valued at approximately $3,504,000.
Several other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in Korn/Ferry International by 3.4% during the 3rd quarter. GAMMA Investing LLC now owns 6,615 shares of the business services provider’s stock worth $474,000 after purchasing an additional 220 shares during the period. MGO One Seven LLC boosted its stake in shares of Korn/Ferry International by 4.3% in the third quarter. MGO One Seven LLC now owns 5,487 shares of the business services provider’s stock worth $393,000 after buying an additional 226 shares during the last quarter. State of Wyoming grew its holdings in 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 grew its holdings in 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. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in Korn/Ferry International during the third quarter worth about $25,000. 98.82% of the stock is owned by hedge funds and other institutional investors.
Korn/Ferry International Price Performance
Shares of Korn/Ferry International stock traded down $1.90 during mid-day trading on Friday, reaching $75.26. 292,760 shares of the stock traded hands, compared to its average volume of 493,919. The business has a 50-day moving average of $76.07 and a 200 day moving average of $71.35. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $87.51. The stock has a market capitalization of $4.11 billion, a PE ratio of 14.20 and a beta of 1.25. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.
Korn/Ferry International (NYSE:KFY – Get Free Report) last announced its 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 quarter in the previous year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. On average, analysts predict that Korn/Ferry International will post 5.63 EPS for the current year.
Korn/Ferry International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 22nd were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.51%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. UBS Group boosted their price target on Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Korn/Ferry International in a research note on Friday, September 18th. Zacks Research lowered shares of Korn/Ferry International from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Korn/Ferry International currently has an average rating of “Moderate Buy” and a consensus target price of $80.25.
Check Out Our Latest Stock Analysis on KFY
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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