Korn/Ferry International $KFY Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP boosted its stake in Korn/Ferry International (NYSE:KFY) by 14.7% in the 2nd quarter, Holdings Channel reports. The firm owned 70,131 shares of the business services provider’s stock after purchasing an additional 8,971 shares during the period. Engineers Gate Manager LP’s holdings in Korn/Ferry International were worth $4,669,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after buying an additional 206 shares in the last quarter. Kestra Investment Management LLC boosted its stake in shares of Korn/Ferry International by 71.8% in the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 242 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Korn/Ferry International by 200.0% in the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Clearstead Advisors LLC grew its holdings in shares of Korn/Ferry International by 30,350.0% in the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 607 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Korn/Ferry International in the third quarter valued at approximately $56,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KFY has been the topic of a number of research reports. UBS Group increased their target price on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird boosted their price target on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Truist Financial increased their price objective on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Sunday. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

Korn/Ferry International Stock Performance

Shares of Korn/Ferry International stock opened at $77.74 on Friday. The firm has a market capitalization of $4.24 billion, a P/E ratio of 14.67 and a beta of 1.19. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $87.51. The company has a quick ratio of 1.94, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $81.10 and its two-hundred day moving average is $71.35.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Wednesday, September 9th. The business services provider reported $1.43 earnings per share 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 business had revenue of $764.62 million during the quarter, compared to the consensus estimate of $737.66 million. During the same quarter in the previous year, the firm earned $1.26 EPS. The company’s revenue 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. Research analysts forecast that Korn/Ferry International will post 5.63 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 22nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. Korn/Ferry International’s payout ratio is 41.51%.

About Korn/Ferry International

Korn/Ferry International, doing business as Korn Ferry, is a global organizational consulting and talent advisory firm. The company helps organizations align their people, leadership and business strategies to improve performance and address workforce-related challenges.

Korn Ferry’s services include executive search, professional-level recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, organizational strategy and culture consulting, and broader talent management solutions.