Navellier & Associates Inc. Takes $1.93 Million Position in Korn/Ferry International $KFY

Key Points

• Navellier & Associates acquired 28,914 Korn/Ferry shares worth approximately $1.93 million, representing about 0.06% of the company. Institutional investors collectively own 98.82% of KFY.
• Korn/Ferry exceeded quarterly expectations, reporting $1.40 EPS and $768.26 million in revenue, with revenue up 6.7% year over year. The company issued quarterly guidance of $1.32–$1.38 EPS.
• KFY pays a quarterly dividend of $0.55, or $2.20 annually, yielding about 2.5%. Analysts maintain a “Moderate Buy” consensus, although the average price target of $78.50 is below the stock’s reported $86.32 price.

Navellier & Associates Inc. acquired a new stake in Korn/Ferry International (NYSE:KFY - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,914 shares of the business services provider's stock, valued at approximately $1,925,000. Navellier & Associates Inc. owned about 0.06% of Korn/Ferry International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of KFY. Public Employees Retirement System of Ohio purchased a new position in Korn/Ferry International during the second quarter worth about $93,000. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Korn/Ferry International in the 2nd quarter valued at $26,722,682. Value Holdings Management CO. LLC purchased a new position in Korn/Ferry International during the 2nd quarter valued at about $3,894,000. Bank of New York Mellon Corp acquired a new stake in shares of Korn/Ferry International during the second quarter worth about $43,812,000. Finally, Handelsbanken Fonder AB lifted its holdings in Korn/Ferry International by 19.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 13,802 shares of the business services provider's stock worth $919,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn/Ferry International Price Performance

Korn/Ferry International stock opened at $86.32 on Friday. The firm's 50-day moving average is $78.45 and its two-hundred day moving average is $69.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $4.43 billion, a P/E ratio of 16.47 and a beta of 1.19. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $87.51.

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

Korn/Ferry International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International's payout ratio is currently 41.98%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of 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. Robert W. Baird upped their price target on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an "outperform" rating in a research report on Wednesday, June 24th. Truist Financial lifted their target price on Korn/Ferry International from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Finally, UBS Group lifted their target price on shares of Korn/Ferry International from $70.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Korn/Ferry International has an average rating of "Moderate Buy" and an average target price of $78.50.

Korn/Ferry International Company Profile

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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