Inceptionr LLC Makes New $700,000 Investment in Korn/Ferry International $KFY

Inceptionr LLC acquired a new stake in Korn/Ferry International (NYSE:KFY) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,113 shares of the business services provider’s stock, valued at approximately $700,000.

A number of other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of Korn/Ferry International by 48.3% in the 3rd 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 last quarter. Norges Bank bought a new position in Korn/Ferry International in the 4th quarter valued at about $43,163,000. Adage Capital Partners GP L.L.C. acquired a new position in Korn/Ferry International during the 2nd quarter valued at about $32,559,000. Boston Partners acquired a new position in Korn/Ferry International during the 4th quarter valued at about $26,081,000. Finally, Bank of America Corp DE increased its holdings in 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 Stock Performance

KFY stock opened at $78.28 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.98 billion, a PE ratio of 14.94 and a beta of 1.21. The business has a 50 day moving average of $71.72 and a 200-day moving average of $67.16. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $79.97.

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

Korn/Ferry International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KFY. Wall Street Zen downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. UBS Group lifted 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. Robert W. Baird upped their price target on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Truist Financial increased their price target on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Korn/Ferry International currently 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.