Korn/Ferry International $KFY Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its stake in Korn/Ferry International (NYSE:KFY) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,700 shares of the business services provider’s stock after buying an additional 700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Korn/Ferry International were worth $1,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CX Institutional acquired a new position in shares of Korn/Ferry International in the 1st quarter valued at about $39,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Korn/Ferry International during the first quarter valued at approximately $62,000. Quarry LP raised its holdings in shares of Korn/Ferry International by 193.6% during the first 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 during the last quarter. Headlands Technologies LLC acquired a new position in shares of Korn/Ferry International during the first quarter valued at approximately $105,000. Finally, GAMMA Investing LLC raised its holdings in shares of Korn/Ferry International by 11.4% during the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Price Performance

KFY stock opened at $69.80 on Wednesday. The firm has a 50 day moving average of $72.31 and a 200-day 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 $3.66 billion, a price-to-earnings ratio of 14.82 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 analysts’ consensus estimates 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 company had revenue of $708.61 million during the quarter, compared to the consensus estimate of $688.72 million. During the same period last year, the firm earned $1.17 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. As a group, equities analysts expect that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International declared that its Board of Directors has initiated a stock buyback program on Thursday, September 18th that authorizes the company to buyback $331.40 million in shares. This buyback authorization authorizes the business services provider to purchase up to 8.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Korn/Ferry International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, September 26th. Korn/Ferry International’s payout ratio is currently 40.76%.

Wall Street Analysts Forecast Growth

KFY has been the subject of a number of research analyst reports. Truist Financial increased their target price on Korn/Ferry International from $80.00 to $88.00 and gave the company a “buy” rating in a report on Friday, June 20th. Weiss Ratings restated a “buy (b)” rating on shares of Korn/Ferry International in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

About Korn/Ferry International

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.