Short Interest in Korn/Ferry International (NYSE:KFY) Decreases By 22.2%

Korn/Ferry International (NYSE:KFY) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 1,132,090 shares, a decrease of 22.2% from the November 30th total of 1,454,824 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 558,627 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 558,627 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Korn/Ferry International

Several hedge funds have recently modified their holdings of KFY. Ritholtz Wealth Management grew its stake in Korn/Ferry International by 0.8% during the third quarter. Ritholtz Wealth Management now owns 17,657 shares of the business services provider’s stock valued at $1,236,000 after acquiring an additional 143 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Korn/Ferry International by 21.1% in the second quarter. Blue Trust Inc. now owns 937 shares of the business services provider’s stock worth $69,000 after purchasing an additional 163 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Korn/Ferry International by 3.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,648 shares of the business services provider’s stock worth $414,000 after buying an additional 165 shares in the last quarter. Savant Capital LLC lifted its position in shares of Korn/Ferry International by 5.2% in the second quarter. Savant Capital LLC now owns 3,312 shares of the business services provider’s stock worth $243,000 after buying an additional 165 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Korn/Ferry International by 9.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,934 shares of the business services provider’s stock valued at $135,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

NYSE:KFY traded down $0.16 during mid-day trading on Tuesday, reaching $66.90. The company’s stock had a trading volume of 296,539 shares, compared to its average volume of 433,029. 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 stock has a market cap of $3.49 billion, a P/E ratio of 13.57 and a beta of 1.34. The firm’s fifty day moving average price is $66.62 and its two-hundred day moving average price is $70.25. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $78.50.

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 for the quarter, topping the consensus estimate of $1.31 by $0.02. Korn/Ferry International had a net margin of 9.21% and a return on equity of 14.53%. The firm had revenue of $729.80 million for the quarter, compared to analysts’ expectations of $705.16 million. During the same quarter in the prior year, the business earned $1.21 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Korn/Ferry International has set its Q3 2026 guidance at 1.19-1.250 EPS. On average, equities analysts forecast that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International declared that its board has authorized a share repurchase program on Thursday, September 18th that allows the company to repurchase $331.40 million in shares. This repurchase authorization allows the business services provider to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Korn/Ferry International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 19th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.92 annualized dividend and a yield of 2.9%. Korn/Ferry International’s dividend payout ratio is currently 38.95%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KFY. The Goldman Sachs Group lowered their target price on shares of Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korn/Ferry International in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.