Strs Ohio Purchases New Stake in Korn/Ferry International $KFY

Key Points

• Strs Ohio has acquired a new stake in Korn/Ferry International, purchasing 6,500 shares valued at approximately $441,000 in the first quarter.
• Korn/Ferry International reported a 4.8% increase in revenue year-over-year, with quarterly earnings of $1.31 per share, surpassing analysts' expectations of $1.24.
• The company announced a $331.40 million share buyback program, allowing it to repurchase up to 8.7% of its shares, signaling confidence in its stock valuation.

Strs Ohio purchased a new stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,500 shares of the business services provider's stock, valued at approximately $441,000.

A number of other hedge funds have also added to or reduced their stakes in KFY. Xponance Inc. grew its position in shares of Korn/Ferry International by 3.8% in the 1st quarter. Xponance Inc. now owns 5,004 shares of the business services provider's stock worth $339,000 after buying an additional 184 shares during the period. Hohimer Wealth Management LLC lifted its stake in Korn/Ferry International by 5.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock valued at $233,000 after acquiring an additional 188 shares during the period. GAMMA Investing LLC lifted its stake in shares of Korn/Ferry International by 11.4% in the 1st quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock worth $131,000 after purchasing an additional 199 shares during the period. Versant Capital Management Inc lifted its stake in shares of Korn/Ferry International by 75.9% in the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after purchasing an additional 223 shares during the period. Finally, Heritage Family Offices LLP increased its holdings in Korn/Ferry International by 6.6% in the 1st quarter. Heritage Family Offices LLP now owns 4,113 shares of the business services provider's stock worth $279,000 after acquiring an additional 253 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International Price Performance

Shares of KFY stock opened at $72.99 on Tuesday. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 15.50 and a beta of 1.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.21 and a current ratio of 2.21. The stock's 50-day simple moving average is $73.03 and its 200-day simple moving average is $69.37.

Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.07. Korn/Ferry International had a return on equity of 14.55% and a net margin of 8.95%.The business had revenue of $708.61 million for the quarter, compared to analyst estimates of $688.72 million. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. As a group, equities analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International announced that its board has approved a share buyback program on Thursday, September 18th that permits the company to buyback $331.40 million in shares. This buyback authorization permits the business services provider to buy up to 8.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Korn/Ferry International's payout ratio is 40.76%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KFY. Truist Financial lifted their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. Finally, UBS Group decreased their target price on 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Korn/Ferry International presently has an average rating of "Moderate Buy" and a consensus target price of $81.00.

About Korn/Ferry International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.