Invesco Ltd. Sells 157,766 Shares of Korn/Ferry International $KFY

Key Points

• Invesco Ltd. reduced its holdings in Korn/Ferry International by 8.6%, now owning 1,683,018 shares valued at approximately $114 million.
• Several hedge funds, including Wellington Management and Tidal Investments, have either increased their stakes or purchased new positions in Korn/Ferry International, reflecting growing interest from institutional investors.
• Korn/Ferry International reported a 4% increase in revenue year-over-year and declared a quarterly dividend of $0.48 per share, with a yield of 2.6%.

Invesco Ltd. cut its holdings in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,683,018 shares of the business services provider's stock after selling 157,766 shares during the quarter. Invesco Ltd. owned approximately 3.26% of Korn/Ferry International worth $114,159,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Xponance Inc. increased its position in shares of Korn/Ferry International by 3.8% during the 1st quarter. Xponance Inc. now owns 5,004 shares of the business services provider's stock valued at $339,000 after purchasing an additional 184 shares during the last quarter. Hohimer Wealth Management LLC increased its position in shares of Korn/Ferry International by 5.8% during the 1st quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock valued at $233,000 after purchasing an additional 188 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Korn/Ferry International by 11.4% during the 1st quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after purchasing an additional 199 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Korn/Ferry International by 75.9% during the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after purchasing an additional 223 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its position in shares of Korn/Ferry International by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock valued at $366,000 after purchasing an additional 225 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on KFY shares. UBS Group cut their price target on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Finally, Truist Financial increased their price target on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Korn/Ferry International has an average rating of "Moderate Buy" and an average price target of $81.00.

Korn/Ferry International Price Performance

KFY stock traded up $0.1150 during mid-day trading on Tuesday, reaching $73.2950. 34,962 shares of the company traded hands, compared to its average volume of 420,357. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $3.84 billion, a P/E ratio of 15.87 and a beta of 1.47. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a fifty day moving average price of $72.19 and a 200-day moving average price of $68.08.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.06. The business had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. As a group, analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is 41.56%.

About Korn/Ferry International

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.