Circumference Group LLC Boosts Stake in Korn/Ferry International $KFY

Key Points

• Circumference Group LLC increased its holdings in Korn/Ferry International by 22.3%, acquiring an additional 8,000 shares for a total of 43,900 shares, now valued at approximately $2.98 million.
• Korn/Ferry International reported earnings of $1.32 per share for the latest quarter, exceeding expectations, with revenue of $712.05 million, up 3.1% year-over-year.
• The company has declared a quarterly dividend of $0.48 per share, with an annualized yield of 2.6%, while its payout ratio currently stands at 41.56%.

Circumference Group LLC grew its position in Korn/Ferry International (NYSE:KFY - Free Report) by 22.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 43,900 shares of the business services provider's stock after acquiring an additional 8,000 shares during the period. Korn/Ferry International accounts for approximately 3.6% of Circumference Group LLC's investment portfolio, making the stock its 16th biggest position. Circumference Group LLC owned 0.09% of Korn/Ferry International worth $2,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. CX Institutional acquired a new position in Korn/Ferry International in the 1st quarter valued at approximately $39,000. GAMMA Investing LLC increased its holdings in Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after purchasing an additional 199 shares during the period. Edgestream Partners L.P. raised its position in Korn/Ferry International by 140.1% during the 1st quarter. Edgestream Partners L.P. now owns 91,138 shares of the business services provider's stock worth $6,182,000 after purchasing an additional 53,175 shares during the last quarter. Two Sigma Investments LP acquired a new position in Korn/Ferry International during the 4th quarter worth about $1,593,000. Finally, Jane Street Group LLC grew its position in shares of Korn/Ferry International by 1,385.2% in the 1st quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider's stock valued at $13,733,000 after buying an additional 188,829 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Analysts Set New Price Targets

KFY has been the topic of a number of recent analyst reports. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. UBS Group decreased their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Finally, Truist Financial increased their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $81.00.

Korn/Ferry International Stock Performance

Korn/Ferry International stock traded up $1.84 during trading on Tuesday, hitting $74.35. The stock had a trading volume of 379,786 shares, compared to its average volume of 416,996. The stock's 50 day moving average is $73.22 and its two-hundred day moving average is $68.79. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $80.64. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 16.10 and a beta of 1.49. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $708.61 million during the quarter, compared to analyst estimates of $688.72 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. As a group, analysts predict that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Korn/Ferry International's payout ratio is 41.56%.

Korn/Ferry International Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.