Comerica Bank Has $2.33 Million Holdings in Korn/Ferry International $KFY

Key Points

• Comerica Bank reduced its stake in Korn/Ferry International by 26.9%, owning 34,406 shares valued at approximately $2.33 million at the end of the last quarter.
• Several institutional investors increased their holdings in Korn/Ferry during the same period, with American Century Companies lifting its stake by 89.1%, now owning over 1.8 million shares worth approximately $122 million.
• Korn/Ferry recently reported earnings of $1.32 EPS, exceeding analyst expectations, and has a projected average price target of $81.00, with a current consensus rating of "Moderate Buy."

Comerica Bank cut its holdings in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,406 shares of the business services provider's stock after selling 12,649 shares during the quarter. Comerica Bank owned approximately 0.07% of Korn/Ferry International worth $2,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Xponance Inc. grew its stake in Korn/Ferry International by 3.8% during the 1st quarter. Xponance Inc. now owns 5,004 shares of the business services provider's stock worth $339,000 after buying an additional 184 shares during the last quarter. Hohimer Wealth Management LLC boosted its position in 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 worth $233,000 after acquiring an additional 188 shares during the period. GAMMA Investing LLC boosted its position in 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 worth $131,000 after acquiring an additional 199 shares during the period. Versant Capital Management Inc boosted its position 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 worth $35,000 after acquiring an additional 223 shares during the period. Finally, Heritage Family Offices LLP boosted its position 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 worth $279,000 after acquiring an additional 253 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn/Ferry International Price Performance

Shares of Korn/Ferry International stock traded down $0.45 during trading on Friday, hitting $73.27. The stock had a trading volume of 337,444 shares, compared to its average volume of 283,625. The business has a fifty day moving average of $73.23 and a two-hundred day moving average of $68.71. The firm has a market cap of $3.83 billion, a P/E ratio of 15.86 and a beta of 1.49. 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 has a fifty-two week low of $59.23 and a fifty-two week high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. The company had revenue of $712.05 million for 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%.Korn/Ferry International's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 3rd. Korn/Ferry International's dividend payout ratio is presently 41.56%.

Analysts Set New Price Targets

A number of research analysts have issued reports on KFY shares. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. Truist Financial boosted their price target on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, UBS Group reduced their price target on 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. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.00.

Korn/Ferry International Company 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.