Short Interest in Korn/Ferry International (NYSE:KFY) Expands By 21.6%

Korn/Ferry International (NYSE:KFY) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,615,533 shares, a growth of 21.6% from the March 15th total of 1,328,178 shares. Based on an average daily volume of 742,239 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Korn/Ferry International

A number of hedge funds and other institutional investors have recently bought and sold shares of KFY. Thrivent Financial for Lutherans lifted its holdings in Korn/Ferry International by 7.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 836,362 shares of the business services provider’s stock valued at $58,529,000 after buying an additional 56,647 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Korn/Ferry International by 105.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,721 shares of the business services provider’s stock worth $1,940,000 after acquiring an additional 14,249 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Korn/Ferry International during the 3rd quarter worth approximately $10,993,000. Public Sector Pension Investment Board raised its stake in shares of Korn/Ferry International by 15.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 204,114 shares of the business services provider’s stock worth $14,284,000 after acquiring an additional 28,069 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in Korn/Ferry International by 112.6% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 31,929 shares of the business services provider’s stock worth $2,234,000 after purchasing an additional 16,913 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KFY. Truist Financial reduced their target price on Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings cut Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. UBS Group increased their price target on Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Korn/Ferry International has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Korn/Ferry International Trading Up 0.5%

NYSE:KFY opened at $65.76 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.41 billion, a PE ratio of 13.00 and a beta of 1.28. The firm’s 50 day moving average is $62.66 and its 200 day moving average is $65.74. Korn/Ferry International has a 12 month low of $58.95 and a 12 month high of $78.50.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $725.04 million for the quarter, compared to analysts’ expectations of $692.45 million. During the same quarter in the previous year, the firm posted $1.19 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. Sell-side analysts expect that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 27th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, March 27th. 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 3.3%. Korn/Ferry International’s payout ratio is currently 43.48%.

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.