Mirae Asset Global Investments Co. Ltd. Makes New Investment in Korn/Ferry International $KFY

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Korn/Ferry International (NYSE:KFY) in the third quarter, according to its most recent Form 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. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Korn/Ferry International at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Korn/Ferry International by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,003,385 shares of the business services provider’s stock valued at $189,065,000 after buying an additional 122,669 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Korn/Ferry International during the second quarter worth approximately $43,812,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Korn/Ferry International during the second quarter valued at approximately $26,722,682. Tidal Investments LLC boosted its holdings in shares of Korn/Ferry International by 27.6% in the second quarter. Tidal Investments LLC now owns 312,031 shares of the business services provider’s stock valued at $20,775,000 after purchasing an additional 67,495 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Korn/Ferry International by 10.1% in the first 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. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Stock Down 2.5%

Shares of KFY traded down $1.90 during mid-day trading on Friday, hitting $75.26. 292,760 shares of the company traded hands, compared to its average volume of 493,919. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $87.51. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.11 billion, a PE ratio of 14.20 and a beta of 1.25. The business has a 50 day moving average of $76.07 and a 200 day moving average of $71.35.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Wednesday, September 9th. The business services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $764.62 million during the quarter, compared to analysts’ expectations of $737.66 million. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. Korn/Ferry International’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Equities research analysts anticipate that Korn/Ferry International will post 5.63 EPS for the current year.

Korn/Ferry International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd were issued a $0.55 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is currently 41.51%.

Analyst Ratings Changes

A number of brokerages have weighed in on KFY. Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Zacks Research downgraded shares of Korn/Ferry International from a “hold” rating to a “strong sell” rating in a research report on Tuesday. UBS Group lifted their price objective on shares of Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a report 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.25.

Korn/Ferry International Profile

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.