Corient Private Wealth LP Has $5.76 Million Stock Position in Korn/Ferry International $KFY

Key Points

• Corient Private Wealth increased its Korn Ferry stake by 23.3% in the second quarter, bringing its holdings to 86,511 shares worth approximately $5.76 million. Institutional investors collectively own 98.82% of the company.
• Korn Ferry’s latest quarterly results exceeded expectations, with EPS of $1.43 versus the $1.36 consensus estimate and revenue of $764.62 million, up 6.9% year over year.
• The company declared a quarterly dividend of $0.55 per share, equivalent to $2.20 annually and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $80.25.

Corient Private Wealth LP boosted its position in Korn/Ferry International (NYSE:KFY - Free Report) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,511 shares of the business services provider's stock after buying an additional 16,365 shares during the quarter. Corient Private Wealth LP owned approximately 0.17% of Korn/Ferry International worth $5,760,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Korn/Ferry International during the second quarter worth $446,000. HB Wealth Management LLC lifted its stake in shares of Korn/Ferry International by 18.5% in the second quarter. HB Wealth Management LLC now owns 4,534 shares of the business services provider's stock valued at $302,000 after buying an additional 708 shares during the period. Nykredit A S acquired a new stake in Korn/Ferry International during the second quarter worth about $214,000. Navellier & Associates Inc. acquired a new stake in Korn/Ferry International during the second quarter worth about $1,925,000. Finally, Public Employees Retirement System of Ohio bought a new position in Korn/Ferry International during the second quarter valued at about $93,000. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY opened at $76.60 on Friday. 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 stock has a market capitalization of $4.18 billion, a P/E ratio of 14.45 and a beta of 1.19. The business has a 50-day moving average price of $81.64 and a two-hundred day moving average price of $71.93.

Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 EPS 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 company had revenue of $764.62 million during the quarter, compared to analysts' expectations of $737.66 million. During the same quarter in the previous year, the company earned $1.26 EPS. Korn/Ferry International's revenue was up 6.9% on a year-over-year basis. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Equities analysts predict that Korn/Ferry International will post 5.63 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 22nd. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Korn/Ferry International's payout ratio is presently 41.51%.

Wall Street Analyst Weigh In

KFY has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, September 10th. Robert W. Baird increased their price objective on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, June 24th. Weiss Ratings raised shares of Korn/Ferry International from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Wall Street Zen lowered shares of Korn/Ferry International from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Finally, Truist Financial upped their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.25.

Korn/Ferry International Profile

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.

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