Ritholtz Wealth Management Purchases 3,969 Shares of Korn/Ferry International $KFY

Ritholtz Wealth Management grew its position in shares of Korn/Ferry International (NYSE:KFY) by 29.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,514 shares of the business services provider’s stock after purchasing an additional 3,969 shares during the quarter. Ritholtz Wealth Management’s holdings in Korn/Ferry International were worth $1,284,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KFY. CX Institutional increased its stake in shares of Korn/Ferry International by 45.4% in the 2nd quarter. CX Institutional now owns 839 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 262 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Korn/Ferry International in the 1st quarter valued at $62,000. Blue Trust Inc. increased its stake in shares of Korn/Ferry International by 21.1% in the 2nd quarter. Blue Trust Inc. now owns 937 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 163 shares in the last quarter. Quarry LP increased its stake in shares of Korn/Ferry International by 193.6% in the 1st quarter. Quarry LP now owns 1,518 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Korn/Ferry International in the 1st quarter valued at $105,000. Institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

NYSE KFY opened at $68.32 on Friday. The company has a fifty day simple moving average of $72.19 and a 200 day simple moving average of $69.70. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.58 billion, a P/E ratio of 14.51 and a beta of 1.47.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The business had revenue of $708.61 million during the quarter, compared to the consensus estimate of $688.72 million. During the same quarter last year, the firm posted $1.17 EPS. Korn/Ferry International’s revenue was up 4.8% compared to the same quarter last year. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Sell-side analysts predict that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, September 26th. Korn/Ferry International’s payout ratio is currently 40.76%.

Korn/Ferry International declared that its board has initiated a share buyback program on Thursday, September 18th that permits the company to buyback $331.40 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have recently weighed in on KFY shares. Wall Street Zen lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 9th. 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 note on Friday, June 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Korn/Ferry International in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Korn/Ferry International presently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Korn/Ferry International Company 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.