Jennison Associates LLC Sells 308,772 Shares of Korn/Ferry International $KFY

Jennison Associates LLC lessened its position in shares of Korn/Ferry International (NYSE:KFY) by 32.3% during the 1st quarter, HoldingsChannel reports. The fund owned 647,876 shares of the business services provider’s stock after selling 308,772 shares during the quarter. Jennison Associates LLC’s holdings in Korn/Ferry International were worth $40,784,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in Korn/Ferry International by 0.5% in the fourth quarter. Russell Investments Group Ltd. now owns 31,860 shares of the business services provider’s stock worth $2,103,000 after purchasing an additional 167 shares during the period. PNC Financial Services Group Inc. lifted its position in Korn/Ferry International by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,583 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 178 shares during the period. Vise Technologies Inc. lifted its position in Korn/Ferry International by 2.9% during the 3rd quarter. Vise Technologies Inc. now owns 6,378 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 179 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of Korn/Ferry International by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,555 shares of the business services provider’s stock valued at $1,819,000 after purchasing an additional 181 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Korn/Ferry International by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,013 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Trading Down 0.7%

KFY opened at $78.07 on Tuesday. The firm’s fifty day moving average is $70.64 and its two-hundred day moving average is $66.83. The firm has a market cap of $3.97 billion, a PE ratio of 14.90 and a beta of 1.21. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $79.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $768.26 million during the quarter, compared to analysts’ expectations of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Equities research analysts anticipate that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is 41.98%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Truist Financial raised their price objective on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. UBS Group upped their target price on shares of Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Robert W. Baird raised their price target on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

Korn/Ferry International 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.