Royce & Associates LP Sells 26,057 Shares of Korn/Ferry International $KFY

Royce & Associates LP lessened its position in Korn/Ferry International (NYSE:KFY) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 635,858 shares of the business services provider’s stock after selling 26,057 shares during the period. Royce & Associates LP’s holdings in Korn/Ferry International were worth $41,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of KFY. Wellington Management Group LLP grew its position in shares of Korn/Ferry International by 48.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock valued at $243,221,000 after acquiring an additional 1,132,473 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Korn/Ferry International in the 2nd quarter valued at about $32,559,000. Bank of America Corp DE grew its position in shares of Korn/Ferry International by 68.4% in the 2nd quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider’s stock valued at $48,775,000 after acquiring an additional 270,256 shares during the period. M&T Bank Corp boosted its holdings in shares of Korn/Ferry International by 5,956.0% during the 4th quarter. M&T Bank Corp now owns 229,884 shares of the business services provider’s stock worth $15,177,000 after buying an additional 226,088 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Korn/Ferry International by 160.6% during the 3rd quarter. Millennium Management LLC now owns 286,640 shares of the business services provider’s stock worth $20,059,000 after buying an additional 176,666 shares during the period. Institutional investors own 98.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KFY. Truist Financial reduced their target price on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Weiss Ratings downgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Finally, UBS Group lifted their target price 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. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Korn/Ferry International currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Korn/Ferry International Price Performance

Shares of Korn/Ferry International stock opened at $68.14 on Tuesday. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $78.50. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $64.49 and a two-hundred day simple moving average of $65.24. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 13.47 and a beta of 1.22.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Monday, March 9th. The business services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. The business had revenue of $725.04 million during the quarter, compared to analysts’ expectations of $692.45 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 EPS. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. Analysts forecast that Korn/Ferry International will post 5.29 EPS for the current year.

Korn/Ferry International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 27th were issued a dividend of $0.55 per share. This is a boost from Korn/Ferry International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 27th. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. Korn/Ferry International’s payout ratio is presently 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.