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

Korn/Ferry International (NYSE:KFY) was the target of a large 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. 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 shares of the stock are sold short. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 558,627 shares, the days-to-cover ratio is presently 2.0 days.

Korn/Ferry International Price Performance

NYSE:KFY traded down $0.16 during mid-day trading on Tuesday, reaching $66.90. The stock had a trading volume of 296,539 shares, compared to its average volume of 433,029. The stock has a market capitalization of $3.49 billion, a P/E ratio of 13.57 and a beta of 1.34. The firm has a 50 day moving average price of $66.62 and a two-hundred day moving average price of $70.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.14 and a current ratio of 2.14. Korn/Ferry International has a one year low of $59.23 and a one year high of $78.50.

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

Korn/Ferry International declared that its Board of Directors has initiated a share buyback plan on Thursday, September 18th that authorizes the company to buyback $331.40 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Korn/Ferry International Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Korn/Ferry International in a report on Friday, October 31st. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, The Goldman Sachs Group cut their price objective on Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Institutional Investors Weigh In On Korn/Ferry International

A number of large investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. bought a new position in Korn/Ferry International in the third quarter worth about $386,000. Danske Bank A S purchased a new position in shares of Korn/Ferry International during the 3rd quarter worth approximately $56,000. Kestra Private Wealth Services LLC grew its holdings in shares of Korn/Ferry International by 3.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 9,655 shares of the business services provider’s stock worth $676,000 after acquiring an additional 360 shares during the period. Castleark Management LLC raised its position in shares of Korn/Ferry International by 3.9% in the 3rd quarter. Castleark Management LLC now owns 77,641 shares of the business services provider’s stock worth $5,433,000 after acquiring an additional 2,881 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Korn/Ferry International by 9.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 77,269 shares of the business services provider’s stock valued at $5,420,000 after purchasing an additional 6,965 shares during the period. Institutional investors own 98.82% of the company’s stock.

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.