Renaissance Technologies LLC Takes Position in Korn/Ferry International $KFY

Renaissance Technologies LLC bought a new position in Korn/Ferry International (NYSE:KFY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 57,600 shares of the business services provider’s stock, valued at approximately $3,626,000. Renaissance Technologies LLC owned 0.11% of Korn/Ferry International at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in Korn/Ferry International by 69.4% during the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after buying an additional 206 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Korn/Ferry International by 30,350.0% during the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 607 shares in the last quarter. Kestra Investment Management LLC increased its holdings in shares of Korn/Ferry International by 71.8% during the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 242 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Korn/Ferry International by 200.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Korn/Ferry International in the 4th quarter worth about $52,000. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Stock Up 1.8%

Shares of KFY stock opened at $84.12 on Friday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 16.05 and a beta of 1.19. Korn/Ferry International has a one year low of $58.95 and a one year high of $85.69. The company’s fifty day moving average price is $74.79 and its 200-day moving average price is $68.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The company had revenue of $768.26 million for the quarter, compared to analysts’ expectations of $743.35 million. During the same period in the previous year, the firm earned $1.32 EPS. The firm’s revenue 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. Sell-side analysts expect that Korn/Ferry International will post 5.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International’s payout ratio is presently 41.98%.

Analyst Upgrades and Downgrades

KFY has been the topic of several analyst reports. Weiss Ratings raised Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. UBS Group boosted their price target on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Truist Financial upped their price target on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Robert W. Baird increased their price objective on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Korn/Ferry International presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Korn/Ferry International 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.