Royce & Associates LP Increases Position in Korn/Ferry International $KFY

Royce & Associates LP raised its stake in Korn/Ferry International (NYSE:KFY) by 28.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 661,915 shares of the business services provider’s stock after buying an additional 145,520 shares during the period. Royce & Associates LP’s holdings in Korn/Ferry International were worth $46,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Korn/Ferry International in the 2nd quarter valued at approximately $46,024,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Korn/Ferry International in the second quarter valued at approximately $32,559,000. Tributary Capital Management LLC grew its holdings in shares of Korn/Ferry International by 92.6% in the third quarter. Tributary Capital Management LLC now owns 611,224 shares of the business services provider’s stock valued at $42,773,000 after purchasing an additional 293,789 shares in the last quarter. Bank of America Corp DE increased its stake 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 buying an additional 270,256 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Korn/Ferry International during the 3rd quarter worth approximately $10,993,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Price Performance

Shares of NYSE KFY opened at $62.65 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $65.88 and its 200 day moving average price is $68.25. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $78.50. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 12.71 and a beta of 1.35.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Tuesday, December 9th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $729.80 million during the quarter, compared to the consensus estimate of $705.16 million. Korn/Ferry International had a return on equity of 14.53% and a net margin of 9.21%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. Korn/Ferry International has set its Q3 2026 guidance at 1.19-1.250 EPS. As a group, research analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 19th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.92 annualized dividend and a dividend yield of 3.1%. Korn/Ferry International’s dividend payout ratio is presently 38.95%.

Analysts Set New Price Targets

KFY has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Korn/Ferry International in a report on Wednesday, January 28th. The Goldman Sachs Group decreased their price target on shares of Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Finally, Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.67.

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.