Korn/Ferry International $KFY Shares Bought by LPL Financial LLC

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 boosted its position in Korn/Ferry International (NYSE:KFY - Free Report) by 16.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,088 shares of the business services provider's stock after purchasing an additional 4,291 shares during the period. LPL Financial LLC owned about 0.06% of Korn/Ferry International worth $2,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KFY. Xponance Inc. grew its holdings in Korn/Ferry International by 3.8% in the first 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 boosted its position in shares of Korn/Ferry International by 5.8% in the 1st quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock worth $233,000 after buying an additional 188 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 acquiring an additional 199 shares during the last quarter. Versant Capital Management Inc increased its holdings in 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 acquiring an additional 223 shares in the last quarter. Finally, Heritage Family Offices LLP increased its holdings in Korn/Ferry International by 6.6% during the 1st quarter. Heritage Family Offices LLP now owns 4,113 shares of the business services provider's stock valued at $279,000 after acquiring an additional 253 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group lowered their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Korn/Ferry International has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

Korn/Ferry International Trading Up 4.7%

Shares of KFY traded up $3.4350 on Friday, hitting $76.3350. 452,317 shares of the stock traded hands, compared to its average volume of 258,889. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $80.64. The stock's 50 day moving average is $72.61 and its two-hundred day moving average is $68.20. The firm has a market capitalization of $3.99 billion, a P/E ratio of 16.52 and a beta of 1.47. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

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

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were issued a $0.48 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.92 annualized dividend and a yield of 2.5%. Korn/Ferry International's payout ratio is 41.56%.

Korn/Ferry International Profile

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.