Louisiana State Employees Retirement System Invests $1.45 Million in Korn/Ferry International $KFY

Louisiana State Employees Retirement System acquired a new stake in shares of Korn/Ferry International (NYSE:KFY) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,100 shares of the business services provider’s stock, valued at approximately $1,454,000.

A number of other hedge funds also recently made changes to their positions in KFY. Royal Bank of Canada increased its stake in Korn/Ferry International by 22.7% in the first quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock valued at $775,000 after acquiring an additional 2,112 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Korn/Ferry International by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock worth $2,073,000 after purchasing an additional 1,009 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Korn/Ferry International by 566.9% in the 1st quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock worth $8,464,000 after purchasing an additional 106,076 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Korn/Ferry International in the 1st quarter worth about $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Korn/Ferry International by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock valued at $11,704,000 after purchasing an additional 11,020 shares during the last quarter. 98.82% of the stock is owned by institutional investors.

Korn/Ferry International Stock Up 2.8%

KFY opened at $69.64 on Friday. The company has a market cap of $3.54 billion, a P/E ratio of 13.29 and a beta of 1.21. The business’s 50-day moving average price is $68.83 and its 200-day moving average price is $66.28. The company has a current ratio of 1.94, a quick ratio of 2.01 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 12 month low of $58.95 and a 12 month high of $78.50.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The company had revenue of $768.26 million during the quarter, compared to analysts’ expectations of $743.35 million. During the same period in the prior year, the business posted $1.32 EPS. Korn/Ferry International’s quarterly revenue was up 6.7% compared to the same quarter last year. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, equities analysts expect that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is 41.98%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KFY shares. UBS Group boosted their target price on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Robert W. Baird increased their price target on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Truist Financial boosted their price objective on shares of Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Korn/Ferry International Profile

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.