LPL Financial LLC Increases Stock Holdings in Korn/Ferry International $KFY

Key Points

• LPL Financial LLC increased its stake in Korn/Ferry International by 16.0%, owning approximately $2.1 million worth of shares at the end of the first quarter.
• Korn/Ferry International reported $1.32 EPS for the most recent quarter, exceeding the consensus estimate of $1.26, alongside revenue of $712.05 million.
• The company declared a quarterly dividend of $0.48 per share, indicating a 2.6% dividend yield based on an annualized payout of $1.92.

LPL Financial LLC raised its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,088 shares of the business services provider's stock after buying an additional 4,291 shares during the quarter. LPL Financial LLC owned about 0.06% of Korn/Ferry International worth $2,109,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Korn/Ferry International by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after buying an additional 223 shares during the last quarter. CX Institutional purchased a new stake in shares of Korn/Ferry International during the first quarter valued at about $39,000. Sterling Capital Management LLC lifted its position in shares of Korn/Ferry International by 828.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after buying an additional 1,491 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Korn/Ferry International by 11.4% in 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. Finally, Institute for Wealth Management LLC. purchased a new position in shares of Korn/Ferry International in the 1st quarter valued at approximately $223,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Korn/Ferry International Stock Performance

NYSE:KFY traded down $0.2070 during midday trading on Thursday, hitting $72.8930. The company's stock had a trading volume of 134,039 shares, compared to its average volume of 255,618. The firm has a market cap of $3.81 billion, a P/E ratio of 15.78 and a beta of 1.47. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm's 50 day moving average is $72.42 and its 200-day moving average is $68.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83.

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

Korn/Ferry International Dividend Announcement

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