Leuthold Group LLC Makes New $3.15 Million Investment in Korn/Ferry International $KFY

Leuthold Group LLC acquired a new position in shares of Korn/Ferry International (NYSE:KFY) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 44,066 shares of the business services provider’s stock, valued at approximately $3,155,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Korn/Ferry International in the second quarter valued at about $446,000. Congress Asset Management Co. increased its position in Korn/Ferry International by 21.2% in the 3rd quarter. Congress Asset Management Co. now owns 59,098 shares of the business services provider’s stock worth $4,231,000 after purchasing an additional 10,357 shares during the last quarter. California State Teachers Retirement System increased its position in Korn/Ferry International by 24.5% in the 1st quarter. California State Teachers Retirement System now owns 61,713 shares of the business services provider’s stock worth $3,885,000 after purchasing an additional 12,147 shares during the last quarter. Principal Financial Group Inc. increased its position in Korn/Ferry International by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock worth $20,693,000 after purchasing an additional 30,163 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Korn/Ferry International during the 1st quarter worth about $3,626,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn/Ferry International Stock Up 1.3%

KFY stock opened at $76.05 on Wednesday. The firm has a market cap of $4.15 billion, a PE ratio of 14.35 and a beta of 1.25. Korn/Ferry International has a 1 year low of $58.95 and a 1 year high of $87.51. The company has a fifty day simple moving average of $75.65 and a 200 day simple moving average of $71.42. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, September 9th. The business services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The firm had revenue of $764.62 million for the quarter, compared to the consensus estimate of $737.66 million. During the same period in the prior year, the business posted $1.26 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Sell-side analysts anticipate that Korn/Ferry International will post 5.63 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio is 41.51%.

Wall Street Analyst Weigh In

KFY has been the subject of several research reports. Zacks Research lowered Korn/Ferry International from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 3rd. UBS Group increased their price objective on Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Wall Street Zen downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Korn/Ferry International Company Profile

Korn Ferry is a global organizational consulting firm that helps companies align their business strategies with their talent and organizational capabilities. Founded in 1969 as an executive-search firm, it has expanded into a broader provider of talent and leadership services. The company’s offerings include executive and professional search, recruitment process outsourcing, leadership assessment and development, succession planning, and organizational and compensation consulting. It also provides digital tools and advisory services to support workforce planning and talent management.