Morningstar Investment Management LLC Invests $446,000 in Korn/Ferry International $KFY

Morningstar Investment Management LLC bought a new stake in Korn/Ferry International (NYSE:KFY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,092 shares of the business services provider’s stock, valued at approximately $446,000.

Several other institutional investors and hedge funds have also modified their holdings of KFY. Wellington Management Group LLP increased its position in Korn/Ferry International by 48.3% during the third quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock worth $243,221,000 after acquiring an additional 1,132,473 shares during the period. Norges Bank bought a new stake in Korn/Ferry International in the 4th quarter valued at about $43,163,000. Adage Capital Partners GP L.L.C. bought a new stake in Korn/Ferry International in the 2nd quarter valued at about $32,559,000. Boston Partners acquired a new position in shares of Korn/Ferry International during the 4th quarter worth approximately $26,081,000. Finally, Bank of America Corp DE grew its position in shares of Korn/Ferry International by 68.4% during the 2nd quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider’s stock worth $48,775,000 after purchasing an additional 270,256 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International Price Performance

Shares of NYSE:KFY opened at $78.28 on Monday. The firm has a 50 day moving average of $71.72 and a 200-day moving average of $67.17. Korn/Ferry International has a 12 month low of $58.95 and a 12 month high of $79.97. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.98 billion, a PE ratio of 14.94 and a beta of 1.21.

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

Korn/Ferry International Dividend Announcement

The firm also recently announced 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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.98%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings raised 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 objective on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Finally, UBS Group upped their target price on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and a consensus target price 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.