Korn/Ferry International $KFY Shares Sold by Comerica Bank

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 lessened its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 26.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,406 shares of the business services provider's stock after selling 12,649 shares during the quarter. Comerica Bank owned 0.07% of Korn/Ferry International worth $2,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in shares of Korn/Ferry International by 89.1% during the first quarter. American Century Companies Inc. now owns 1,802,461 shares of the business services provider's stock worth $122,261,000 after purchasing an additional 849,180 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Korn/Ferry International by 4.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,388,500 shares of the business services provider's stock worth $95,001,000 after purchasing an additional 62,779 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Korn/Ferry International by 22.3% during the first quarter. Wellington Management Group LLP now owns 932,890 shares of the business services provider's stock worth $63,278,000 after purchasing an additional 170,041 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Korn/Ferry International by 3.6% during the first quarter. Victory Capital Management Inc. now owns 920,758 shares of the business services provider's stock worth $62,455,000 after acquiring an additional 31,982 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Korn/Ferry International by 1.1% during the first quarter. Ameriprise Financial Inc. now owns 721,026 shares of the business services provider's stock worth $48,910,000 after acquiring an additional 8,100 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently 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 lifted their target price 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 dropped their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.00.

Korn/Ferry International Stock Down 0.9%

NYSE:KFY opened at $74.20 on Tuesday. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 16.06 and a beta of 1.49. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The stock has a 50-day simple moving average of $73.22 and a 200 day simple moving average of $68.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.83 and a current ratio of 1.83.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. Sell-side analysts predict that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

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

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.

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