Leuthold Group LLC bought a new stake in 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 44,066 shares of the business services provider’s stock, valued at approximately $3,155,000. Leuthold Group LLC owned 0.08% of Korn/Ferry International as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in KFY. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Korn/Ferry International in the second quarter worth $446,000. Congress Asset Management Co. lifted its position in shares of Korn/Ferry International by 21.2% during the 3rd 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 last quarter. California State Teachers Retirement System lifted its position in shares of Korn/Ferry International by 24.5% during the 1st 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 last quarter. Principal Financial Group Inc. boosted its position in shares of Korn/Ferry International by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock valued at $20,693,000 after purchasing an additional 30,163 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Korn/Ferry International in the 1st quarter worth about $3,626,000. 98.82% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Korn/Ferry International from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 3rd. Wall Street Zen lowered 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 price objective on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Korn/Ferry International in a research note on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.25.
View Our Latest Stock Analysis on Korn/Ferry International
Korn/Ferry International Stock Up 1.3%
Shares of Korn/Ferry International stock opened at $76.05 on Wednesday. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $87.51. The company has a market cap of $4.15 billion, a P/E ratio of 14.35 and a beta of 1.25. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $75.65 and a 200 day moving average price of $71.42.
Korn/Ferry International (NYSE:KFY – Get Free Report) last released its earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. The company had revenue of $764.62 million for the quarter, compared to analysts’ expectations of $737.66 million. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. As a group, analysts expect that Korn/Ferry International will post 5.63 EPS for the current fiscal 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 dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.51%.
Korn/Ferry International Profile
Korn Ferry is a global organizational consulting firm that helps companies align their business strategies with their talent and organizational capabilities. Founded in 1969 as an executive-search firm, it has expanded into a broader provider of talent and leadership services. The company’s offerings include executive and professional search, recruitment process outsourcing, leadership assessment and development, succession planning, and organizational and compensation consulting. It also provides digital tools and advisory services to support workforce planning and talent management.
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