HighTower Advisors LLC cut its stake in Korn/Ferry International (NYSE:KFY – Free Report) by 24.5% during the fourth quarter, HoldingsChannel reports. The firm owned 26,211 shares of the business services provider’s stock after selling 8,505 shares during the period. HighTower Advisors LLC’s holdings in Korn/Ferry International were worth $1,730,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in KFY. Royal Bank of Canada grew its holdings in shares of Korn/Ferry International by 22.7% in the first quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock worth $775,000 after purchasing an additional 2,112 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Korn/Ferry International by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock worth $2,073,000 after purchasing an additional 1,009 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Korn/Ferry International by 566.9% in the first quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock worth $8,464,000 after purchasing an additional 106,076 shares during the last quarter. United Services Automobile Association bought a new position in shares of Korn/Ferry International in the first quarter worth about $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Korn/Ferry International by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock worth $11,704,000 after purchasing an additional 11,020 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on KFY. UBS Group upped their price target on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Truist Financial lowered their price objective on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings raised shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Korn/Ferry International presently has an average rating of “Moderate Buy” and an average target price of $73.00.
Korn/Ferry International Stock Performance
KFY stock opened at $71.28 on Wednesday. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 14.09 and a beta of 1.21. The firm has a 50-day simple moving average of $65.37 and a two-hundred day simple moving average of $65.41. Korn/Ferry International has a one year low of $58.95 and a one year high of $78.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01.
Korn/Ferry International (NYSE:KFY – Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The business services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.24 by $0.04. The firm had revenue of $725.04 million during the quarter, compared to analyst estimates of $692.45 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. Korn/Ferry International’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. On average, equities analysts forecast that Korn/Ferry International will post 5.29 EPS for the current fiscal year.
Korn/Ferry International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 27th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, March 27th. This is an increase from Korn/Ferry International’s previous quarterly dividend of $0.48. Korn/Ferry International’s payout ratio is 43.48%.
Korn/Ferry International Company Profile
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.
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