33,811 Shares in Korn/Ferry International $KFY Bought by Moran Wealth Management LLC

Moran Wealth Management LLC purchased a new stake in Korn/Ferry International (NYSE:KFY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 33,811 shares of the business services provider’s stock, valued at approximately $2,128,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Korn/Ferry International by 69.4% in 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 during the period. Kestra Investment Management LLC boosted its stake in 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 purchasing an additional 242 shares during the period. Canada Pension Plan Investment Board raised its stake in Korn/Ferry International by 200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Korn/Ferry International by 30,350.0% in the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 607 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Korn/Ferry International in the fourth quarter worth $52,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

Shares of KFY stock opened at $69.64 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $78.50. The stock’s 50-day moving average is $68.89 and its two-hundred day moving average is $66.29. The firm has a market cap of $3.54 billion, a P/E ratio of 13.29 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 for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $768.26 million during 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 business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International’s dividend payout ratio (DPR) is presently 41.98%.

Wall Street Analyst Weigh In

KFY has been the subject of several research analyst reports. Wall Street Zen downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Robert W. Baird raised their price target on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. UBS Group boosted their price objective on shares of Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Truist Financial upped their price objective on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Korn/Ferry International has a consensus rating of “Moderate Buy” and an average target price of $78.50.

About Korn/Ferry International

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.