MQS Management LLC Purchases Shares of 10,258 Korn/Ferry International $KFY

MQS Management LLC bought a new position in shares of Korn/Ferry International (NYSE:KFY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,258 shares of the business services provider’s stock, valued at approximately $677,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Legato Capital Management LLC acquired a new stake in shares of Korn/Ferry International during the fourth quarter worth $479,000. LSV Asset Management lifted its holdings in shares of Korn/Ferry International by 455.6% during the fourth quarter. LSV Asset Management now owns 77,561 shares of the business services provider’s stock worth $5,121,000 after buying an additional 63,600 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Korn/Ferry International by 851.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,769 shares of the business services provider’s stock worth $117,000 after buying an additional 1,583 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Korn/Ferry International by 69.4% during the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after buying an additional 206 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Korn/Ferry International by 9.7% during the fourth quarter. Covestor Ltd now owns 3,236 shares of the business services provider’s stock worth $214,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Truist Financial dropped their target price on Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. UBS Group lifted their target price on Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Finally, Wall Street Zen raised Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.00.

Korn/Ferry International Stock Up 2.3%

KFY stock opened at $68.14 on Friday. The company has a market cap of $3.54 billion, a PE ratio of 13.47 and a beta of 1.22. The business has a 50-day simple moving average of $64.35 and a 200 day simple moving average of $65.22. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $78.50. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Monday, March 9th. The business services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $725.04 million during the quarter, compared to the consensus estimate of $692.45 million. Korn/Ferry International had a return on equity of 14.36% and a net margin of 9.29%.Korn/Ferry International’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. Sell-side analysts anticipate that Korn/Ferry International will post 5.29 EPS for the current fiscal 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. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. This is a boost from Korn/Ferry International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 27th. Korn/Ferry International’s payout ratio is presently 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.