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Korn Ferry Announces $250 Million Increase in its Common Share Repurchase Program

1. Korn Ferry increases share repurchase program by $250 million. 2. Total repurchase capacity now stands at $331.4 million.

Shares Buyback
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$73.4509/18 05:32 PM EDTEvent Start
$73.4509/19 03:19 AM EDTLatest Updated
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FAQ

Why Bullish?

The increase in share repurchase often indicates management believes the stock is undervalued, which can lead to increased investor confidence and stock price appreciation. Historical examples show that similar announcements have correlated with positive stock performance, as seen with other companies engaging in buybacks.

How important is it?

The announcement directly influences KFY's financial strategy and investor perception. Such moves typically indicate financial strength and can boost stock prices in the near term.

Why Short Term?

Share repurchases tend to affect stock prices in the short term due to direct demand from the company buying back shares, reducing the supply in the market and potentially driving up the stock price.

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AONDHISRPTEUM
LOS ANGELES--(BUSINESS WIRE)--Korn Ferry (NYSE:KFY), a global consulting firm, today announced that its Board of Directors has approved an increase to the Company's existing share repurchase program. The Board has authorized the purchase of up to an additional $250 million of the Company's shares, bringing the total available capacity under the existing program to $331.4 million. “We are pleased to announce another increase in our stock repurchase program as part of our balanced capital allocat.

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