AlphaQuest LLC boosted its stake in shares of Korn/Ferry International (NYSE:KFY – Free Report) by 268.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,210 shares of the business services provider’s stock after purchasing an additional 41,680 shares during the period. AlphaQuest LLC’s holdings in Korn/Ferry International were worth $4,004,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in KFY. Kestra Investment Management LLC raised its position in shares of Korn/Ferry International by 71.8% in the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after buying an additional 242 shares during the period. Canada Pension Plan Investment Board grew its position in Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Federated Hermes Inc. increased its stake in Korn/Ferry International by 160.4% during the third quarter. Federated Hermes Inc. now owns 664 shares of the business services provider’s stock worth $46,000 after acquiring an additional 409 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Korn/Ferry International by 84.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 854 shares of the business services provider’s stock worth $63,000 after purchasing an additional 390 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Korn/Ferry International by 21.1% in the 2nd quarter. Blue Trust Inc. now owns 937 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 163 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.
Korn/Ferry International Price Performance
KFY opened at $67.26 on Friday. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $78.50. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 13.64 and a beta of 1.33. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $67.14 and a 200 day simple moving average of $69.49.
Korn/Ferry International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 19th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, December 19th. Korn/Ferry International’s dividend payout ratio (DPR) is 38.95%.
Analysts Set New Price Targets
A number of analysts recently issued reports on KFY shares. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. The Goldman Sachs Group decreased their price objective on shares of Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Korn/Ferry International in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.67.
View Our Latest Analysis on Korn/Ferry International
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.
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