Korn/Ferry International $KFY Stock Holdings Lifted by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its stake in shares of Korn/Ferry International (NYSE:KFY) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,429 shares of the business services provider’s stock after acquiring an additional 8,917 shares during the quarter. Lazard Asset Management LLC owned 0.14% of Korn/Ferry International worth $4,685,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Korn/Ferry International during the first quarter valued at $3,626,000. Morningstar Investment Management LLC acquired a new stake in Korn/Ferry International during the 1st quarter worth about $446,000. Inceptionr LLC purchased a new stake in Korn/Ferry International during the first quarter valued at about $700,000. Sei Investments Co. boosted its holdings in shares of Korn/Ferry International by 40.8% in the first quarter. Sei Investments Co. now owns 184,104 shares of the business services provider’s stock worth $11,589,000 after buying an additional 53,393 shares during the period. Finally, State of Wyoming increased its position in shares of Korn/Ferry International by 14.6% in the first quarter. State of Wyoming now owns 1,866 shares of the business services provider’s stock worth $117,000 after acquiring an additional 238 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KFY has been the subject of several research analyst reports. 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 increased their target price on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, UBS Group upped their price target on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

Korn/Ferry International Trading Up 0.1%

Shares of NYSE:KFY opened at $82.17 on Friday. The firm has a fifty day moving average of $73.36 and a two-hundred day moving average of $67.70. The firm has a market capitalization of $4.18 billion, a P/E ratio of 15.68 and a beta of 1.21. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $85.69. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The business had revenue of $768.26 million for the quarter, compared to the consensus estimate of $743.35 million. During the same period in the prior year, the business posted $1.32 earnings per share. Korn/Ferry International’s revenue for the quarter was up 6.7% compared to the same quarter last year. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, equities analysts expect that Korn/Ferry International will post 5.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International’s dividend payout ratio is presently 41.98%.

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.