Allspring Global Investments Holdings LLC Trims Stake in Korn/Ferry International $KFY

Allspring Global Investments Holdings LLC reduced its holdings in Korn/Ferry International (NYSE:KFY - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,276,458 shares of the business services provider's stock after selling 103,429 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.46% of Korn/Ferry International worth $79,996,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KFY. IFP Advisors Inc boosted its stake in Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider's stock worth $33,000 after buying an additional 206 shares in the last quarter. Clearstead Advisors LLC grew 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 valued at $40,000 after purchasing an additional 607 shares during the last quarter. Kestra Investment Management LLC raised its position 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 worth $42,000 after purchasing an additional 242 shares during the period. Canada Pension Plan Investment Board lifted its stake in Korn/Ferry International by 200.0% in the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider's stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Korn/Ferry International in the fourth quarter worth $52,000. Institutional investors own 98.82% of the company's stock.

Analysts Set New Price Targets

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

Korn/Ferry International Price Performance

Shares of KFY opened at $78.57 on Friday. The firm has a fifty day simple moving average of $70.41 and a two-hundred day simple moving average of $66.75. The firm has a market cap of $4.00 billion, a PE ratio of 14.99 and a beta of 1.21. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $79.97.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted 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. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The company had revenue of $768.26 million during the quarter, compared to analysts' expectations of $743.35 million. During the same quarter in the prior year, the business earned $1.32 earnings per share. Korn/Ferry International's revenue for the quarter was up 6.7% compared to the same quarter last year. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, equities analysts anticipate that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Korn/Ferry International's payout ratio is presently 41.98%.

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.

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