LSV Asset Management Raises Position in Korn/Ferry International $KFY

LSV Asset Management grew its position in Korn/Ferry International (NYSE:KFY) by 455.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 77,561 shares of the business services provider’s stock after buying an additional 63,600 shares during the period. LSV Asset Management owned approximately 0.15% of Korn/Ferry International worth $5,121,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KFY. Wellington Management Group LLP raised its holdings in Korn/Ferry International by 48.3% in the third quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock worth $243,221,000 after buying an additional 1,132,473 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Korn/Ferry International in the second quarter worth about $32,559,000. Bank of America Corp DE raised its holdings in Korn/Ferry International by 68.4% in the second quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider’s stock worth $48,775,000 after buying an additional 270,256 shares during the last quarter. M&T Bank Corp raised its holdings in Korn/Ferry International by 5,956.0% in the fourth quarter. M&T Bank Corp now owns 229,884 shares of the business services provider’s stock worth $15,177,000 after buying an additional 226,088 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Korn/Ferry International by 160.6% in the third quarter. Millennium Management LLC now owns 286,640 shares of the business services provider’s stock worth $20,059,000 after buying an additional 176,666 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KFY. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings cut shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Truist Financial decreased their price objective on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, UBS Group boosted their price objective on shares of Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Korn/Ferry International currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Korn/Ferry International Stock Down 0.1%

KFY opened at $67.97 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $64.63 and a 200-day moving average price of $65.25. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $78.50. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 13.43 and a beta of 1.22.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Monday, March 9th. The business services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The firm had revenue of $725.04 million during the quarter, compared to analysts’ expectations of $692.45 million. During the same period in the previous year, the company earned $1.19 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. Equities research analysts forecast that Korn/Ferry International will post 5.29 earnings per share for the current year.

Korn/Ferry International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th were issued a dividend of $0.55 per share. This is an increase from Korn/Ferry International’s previous quarterly dividend of $0.48. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, March 27th. Korn/Ferry International’s dividend payout ratio is currently 43.48%.

About Korn/Ferry International

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.