CenterBook Partners LP Buys New Shares in Korn/Ferry International $KFY

Key Points

• CenterBook Partners opened a position in Korn/Ferry International, buying 19,923 shares worth approximately $1.43 million in the third quarter. Institutional investors collectively own 98.82% of the company.
• Korn/Ferry reported quarterly earnings of $1.43 per share, beating the $1.36 analyst consensus, while revenue of $764.62 million also exceeded expectations and rose 6.9% year over year.
• The company’s quarterly dividend was $0.55 per share, equivalent to a 2.9% yield. Analysts’ average rating was “Moderate Buy,” with a consensus price target of $80.25.

CenterBook Partners LP purchased a new position in Korn/Ferry International (NYSE:KFY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,923 shares of the business services provider's stock, valued at approximately $1,426,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Korn/Ferry International during the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings in Korn/Ferry International by 53.4% during the third quarter. Farther Finance Advisors LLC now owns 721 shares of the business services provider's stock valued at $52,000 after acquiring an additional 251 shares during the period. IFP Advisors Inc raised its holdings in Korn/Ferry International by 80.7% during the second quarter. IFP Advisors Inc now owns 947 shares of the business services provider's stock valued at $63,000 after acquiring an additional 423 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Korn/Ferry International in the second quarter valued at about $64,000. Finally, Allworth Financial LP lifted its position in shares of Korn/Ferry International by 111.6% in the second quarter. Allworth Financial LP now owns 1,219 shares of the business services provider's stock valued at $81,000 after acquiring an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn/Ferry International Price Performance

Shares of NYSE:KFY opened at $75.00 on Tuesday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 14.15 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. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $87.51. The business has a fifty day simple moving average of $75.84 and a 200 day simple moving average of $71.39.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share 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 return on equity of 14.43% and a net margin of 9.36%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. As a group, sell-side analysts predict that Korn/Ferry International will post 5.63 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International's dividend payout ratio is 41.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Korn/Ferry International from a "buy" rating to a "hold" rating in a report on Sunday, September 13th. UBS Group increased 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 report on Thursday, September 10th. Weiss Ratings restated a "buy (b)" rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Finally, Zacks Research cut Korn/Ferry International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, November 3rd. Four 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $80.25.

Korn/Ferry International Company 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.

Korn Ferry serves organizations across a range of industries and geographies, with operations and clients around the world.

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