Royce & Associates LP Sells 143,395 Shares of Korn/Ferry International $KFY

Royce & Associates LP cut its holdings in shares of Korn/Ferry International (NYSE:KFY) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 644,967 shares of the business services provider’s stock after selling 143,395 shares during the period. Royce & Associates LP owned approximately 1.18% of Korn/Ferry International worth $46,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in Korn/Ferry International by 33.6% in the third quarter. Russell Investments Group Ltd. now owns 143,318 shares of the business services provider’s stock valued at $10,260,000 after acquiring an additional 36,073 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Korn/Ferry International by 50.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 11,396 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 3,824 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Korn/Ferry International by 6.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 28,057 shares of the business services provider’s stock valued at $2,009,000 after purchasing an additional 1,814 shares during the period. Leuthold Group LLC acquired a new position in shares of Korn/Ferry International in the 3rd quarter valued at approximately $3,155,000. Finally, Hohimer Wealth Management LLC increased its stake in Korn/Ferry International by 5.2% during the 3rd quarter. Hohimer Wealth Management LLC now owns 3,455 shares of the business services provider’s stock worth $247,000 after purchasing an additional 172 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International Stock Down 0.2%

Shares of Korn/Ferry International stock traded down $0.12 during trading on Friday, reaching $75.63. The stock had a trading volume of 375,593 shares, compared to its average volume of 402,486. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 14.27 and a beta of 1.25. The stock has a fifty day moving average price of $75.12 and a two-hundred day moving average price of $71.54. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $87.51.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Wednesday, September 9th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%. The business had revenue of $764.62 million during the quarter, compared to the consensus estimate of $737.66 million. During the same period last year, the company earned $1.26 earnings per share. Korn/Ferry International’s quarterly revenue was up 6.9% on a year-over-year basis. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Sell-side analysts predict that Korn/Ferry International will post 5.63 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.51%.

Wall Street Analyst Weigh In

KFY has been the topic of several research analyst reports. Stephens initiated coverage on shares of Korn/Ferry International in a report on Friday. They set an “overweight” rating and a $94.00 target price on the stock. UBS Group upped their price target on shares of Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Korn/Ferry International in a research report on Friday, September 18th. Zacks Research downgraded shares of Korn/Ferry International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 3rd. Finally, Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.00.

About Korn/Ferry International

Korn Ferry is a global organizational consulting firm that helps companies align their business strategies with their talent and organizational capabilities. Founded in 1969 as an executive-search firm, it has expanded into a broader provider of talent and leadership services. The company’s offerings include executive and professional search, recruitment process outsourcing, leadership assessment and development, succession planning, and organizational and compensation consulting. It also provides digital tools and advisory services to support workforce planning and talent management.