Navellier & Associates Inc. Takes Position in Korn/Ferry International $KFY

Navellier & Associates Inc. bought a new stake in shares of Korn/Ferry International (NYSE:KFY) in the 2nd quarter, Holdings Channel reports. The fund bought 28,914 shares of the business services provider’s stock, valued at approximately $1,925,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Korn/Ferry International during the 2nd quarter worth $93,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Korn/Ferry International during the 2nd quarter valued at about $26,722,682. Value Holdings Management CO. LLC acquired a new position in Korn/Ferry International in the second quarter valued at approximately $3,894,000. Bank of New York Mellon Corp bought a new position in Korn/Ferry International during the 2nd quarter worth $43,812,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Korn/Ferry International by 19.0% during the second quarter. Handelsbanken Fonder AB now owns 13,802 shares of the business services provider’s stock valued at $919,000 after acquiring an additional 2,200 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KFY. 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 note on Wednesday, June 24th. Robert W. Baird raised their target price 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. Truist Financial upped their target price on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Korn/Ferry International Price Performance

Shares of NYSE:KFY opened at $86.32 on Friday. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 16.47 and a beta of 1.19. The business has a 50 day moving average price of $78.45 and a 200 day moving average price of $69.96. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $87.51.

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. The company had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Research analysts predict that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, July 6th. This represents a $2.20 dividend on an annualized basis and a yield of 2.5%. Korn/Ferry International’s payout ratio is currently 41.98%.

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.