California State Teachers Retirement System Boosts Stock Position in Korn/Ferry International $KFY

Key Points

• California State Teachers Retirement System increased its Korn/Ferry International stake by 24.5% in the first quarter, bringing its holdings to 61,713 shares worth approximately $3.9 million. Institutional investors collectively own 98.82% of the company.
• Analysts remain generally positive, with four Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $78.50.
• Korn/Ferry reported quarterly EPS of $1.40, exceeding estimates, while revenue rose 6.7% year over year to $768.26 million. The company also pays a quarterly dividend of $0.55, equivalent to a 2.6% annual yield.

California State Teachers Retirement System lifted its position in Korn/Ferry International (NYSE:KFY - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,713 shares of the business services provider's stock after purchasing an additional 12,147 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Korn/Ferry International worth $3,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its position in Korn/Ferry International by 48.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider's stock worth $243,221,000 after buying an additional 1,132,473 shares during the last quarter. Norges Bank purchased a new stake in shares of Korn/Ferry International in the 4th quarter valued at $43,163,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Korn/Ferry International in the second quarter worth $32,559,000. Boston Partners purchased a new position in shares of Korn/Ferry International during the fourth quarter worth $26,081,000. Finally, Bank of America Corp DE raised its holdings in shares of Korn/Ferry International by 68.4% during the second quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider's stock worth $48,775,000 after purchasing an additional 270,256 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KFY shares. Truist Financial upped their price target on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. UBS Group boosted their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 24th. Wall Street Zen downgraded Korn/Ferry International from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Weiss Ratings upgraded Korn/Ferry International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. Finally, Robert W. Baird boosted their price target on Korn/Ferry International from $84.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.50.

Korn/Ferry International Stock Up 1.8%

KFY opened at $84.12 on Friday. The company has a fifty day moving average of $74.79 and a two-hundred day moving average of $68.23. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 16.05 and a beta of 1.19. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $85.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94.

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

Korn/Ferry International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.98%.

About Korn/Ferry International

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.

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