Louisiana State Employees Retirement System Takes Position in Korn/Ferry International $KFY

Louisiana State Employees Retirement System purchased a new position in shares of Korn/Ferry International (NYSE:KFY) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,100 shares of the business services provider’s stock, valued at approximately $1,454,000.

Several other large investors also recently added to or reduced their stakes in KFY. Russell Investments Group Ltd. boosted its position in Korn/Ferry International by 0.5% during the fourth quarter. Russell Investments Group Ltd. now owns 31,860 shares of the business services provider’s stock worth $2,103,000 after purchasing an additional 167 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Korn/Ferry International by 20.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 175 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Korn/Ferry International by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,583 shares of the business services provider’s stock valued at $369,000 after buying an additional 178 shares in the last quarter. Vise Technologies Inc. lifted its stake in shares of Korn/Ferry International by 2.9% during the 3rd quarter. Vise Technologies Inc. now owns 6,378 shares of the business services provider’s stock valued at $446,000 after buying an additional 179 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in Korn/Ferry International by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,555 shares of the business services provider’s stock worth $1,819,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Stock Up 2.8%

KFY opened at $69.64 on Friday. The company has a fifty day moving average price of $68.83 and a 200-day moving average price of $66.28. The firm has a market capitalization of $3.54 billion, a P/E ratio of 13.29 and a beta of 1.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 2.01. Korn/Ferry International has a one year low of $58.95 and a one year high of $78.50.

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

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 41.98%.

Wall Street Analysts Forecast Growth

KFY has been the subject of a number of recent research reports. Weiss Ratings raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Robert W. Baird lifted their price target 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. Truist Financial boosted their price objective on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Finally, UBS Group increased their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

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.