Wellington Management Group LLP Sells 1,045,574 Shares of Korn/Ferry International $KFY

Wellington Management Group LLP lessened its holdings in shares of Korn/Ferry International (NYSE:KFY) by 29.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,519,474 shares of the business services provider’s stock after selling 1,045,574 shares during the quarter. Wellington Management Group LLP’s holdings in Korn/Ferry International were worth $167,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after buying an additional 206 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Korn/Ferry International by 30,350.0% during the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after acquiring an additional 607 shares during the last quarter. Kestra Investment Management LLC raised its stake in Korn/Ferry International by 71.8% in the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 242 shares during the period. Canada Pension Plan Investment Board raised its stake in Korn/Ferry International by 200.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Finally, Danske Bank A S acquired a new stake in Korn/Ferry International during the 3rd quarter valued at $56,000. Institutional investors own 98.82% of the company’s stock.

Analyst Ratings Changes

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

Korn/Ferry International Trading Down 0.8%

Shares of Korn/Ferry International stock opened at $85.57 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a 50-day moving average of $78.80 and a 200-day moving average of $70.10. Korn/Ferry International has a 52-week low of $58.95 and a 52-week high of $87.51. The stock has a market cap of $4.39 billion, a PE ratio of 16.33 and a beta of 1.19.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. Korn/Ferry International’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, sell-side analysts forecast 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 was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, July 6th. Korn/Ferry International’s payout ratio is presently 41.98%.

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.