Korn/Ferry International $KFY Stock Acquired by Vest Financial LLC

Key Points

• Vest Financial increased its Korn/Ferry stake by 89.5% in the third quarter, reaching 50,870 shares valued at approximately $3.64 million. Institutional investors collectively own 98.82% of the company.
• Analysts maintain a “Moderate Buy” consensus on KFY, with four Buy ratings and one Hold rating; the average price target is $80.25.
• Korn/Ferry reported quarterly revenue of $764.62 million and EPS of $1.43, exceeding analyst expectations, while revenue rose 6.9% year over year. The company also pays a quarterly dividend of $0.55 per share, yielding about 2.8% annually.

Vest Financial LLC increased its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 89.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,870 shares of the business services provider's stock after purchasing an additional 24,028 shares during the quarter. Vest Financial LLC owned about 0.09% of Korn/Ferry International worth $3,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KFY. Dimensional Fund Advisors LP raised its position in Korn/Ferry International by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,003,385 shares of the business services provider's stock worth $189,065,000 after purchasing an additional 122,669 shares during the last quarter. Pzena Investment Management LLC boosted its position in Korn/Ferry International by 0.7% in the 1st quarter. Pzena Investment Management LLC now owns 797,438 shares of the business services provider's stock valued at $50,199,000 after buying an additional 5,573 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Korn/Ferry International in the 2nd quarter valued at $43,812,000. Neumeier Poma Investment Counsel LLC bought a new position in Korn/Ferry International in the 2nd quarter valued at $26,722,682. Finally, Tidal Investments LLC increased its stake in shares of Korn/Ferry International by 27.6% in the 2nd quarter. Tidal Investments LLC now owns 312,031 shares of the business services provider's stock valued at $20,775,000 after buying an additional 67,495 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KFY. Wall Street Zen lowered Korn/Ferry International from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. UBS Group lifted their price objective on Korn/Ferry International from $75.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, September 10th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently 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 $78.34 on Friday. The firm has a fifty day moving average of $77.61 and a two-hundred day moving average of $73.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 14.78 and a beta of 1.25. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $87.51.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%. The business had revenue of $764.62 million for the quarter, compared to analyst estimates of $737.66 million. During the same period last year, the company earned $1.26 EPS. The firm'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. As a group, equities research analysts predict that Korn/Ferry International will post 5.63 EPS for the current year.

Korn/Ferry International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. Korn/Ferry International's dividend payout ratio (DPR) is 41.51%.

Korn/Ferry International Profile

Korn Ferry is a global organizational consulting firm that helps companies and other institutions align their people, strategy and operations. Its services are designed to support organizations across the employee lifecycle, from attracting and selecting talent to developing leaders, improving performance and managing organizational change.

The company's principal offerings include executive search and professional recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, executive coaching, compensation and rewards consulting, and broader organizational strategy.

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