Northern Trust Corp Trims Stake in Korn/Ferry International $KFY

Key Points

• Northern Trust Corp has reduced its stake in Korn/Ferry International by 2.2%, owning approximately 1.36% of the company valued at $47.5 million after selling 15,640 shares.
• Korn/Ferry International reported a Q1 EPS of $1.32, exceeding the consensus estimate of $1.26, with revenue of $712.05 million, marking a 3.1% year-over-year increase.
• The company declared a quarterly dividend of $0.48 per share, representing a 2.6% yield, with a payout ratio of 41.56%.

Northern Trust Corp lowered its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,628 shares of the business services provider's stock after selling 15,640 shares during the quarter. Northern Trust Corp owned about 1.36% of Korn/Ferry International worth $47,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in Korn/Ferry International during the first quarter valued at about $39,000. GAMMA Investing LLC boosted its position in Korn/Ferry International by 11.4% during the first 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 in the last quarter. Edgestream Partners L.P. boosted its position in Korn/Ferry International by 140.1% during the first quarter. Edgestream Partners L.P. now owns 91,138 shares of the business services provider's stock valued at $6,182,000 after purchasing an additional 53,175 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Korn/Ferry International in the fourth quarter valued at about $1,593,000. Finally, Principal Financial Group Inc. raised its stake in Korn/Ferry International by 1.8% in the first quarter. Principal Financial Group Inc. now owns 284,607 shares of the business services provider's stock valued at $19,305,000 after buying an additional 5,128 shares during the last quarter. Institutional investors own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KFY shares. Truist Financial increased their price target on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, June 20th. UBS Group decreased 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. Finally, Wall Street Zen cut Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $81.00.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY traded down $0.16 during trading on Tuesday, hitting $73.98. The stock had a trading volume of 421,005 shares, compared to its average volume of 263,281. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 16.01 and a beta of 1.49. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $73.21 and a two-hundred day simple moving average of $68.57.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $712.05 million during the quarter, compared to analysts' expectations of $690.07 million. During the same period last year, the business posted $1.26 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. On average, equities research analysts expect that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

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 $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is presently 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.