Raymond James Financial Inc. Has $10.14 Million Position in Korn/Ferry International $KFY

Key Points

• Raymond James Financial Inc. reduced its stake in Korn/Ferry International by 6.0%, holding approximately 149,471 shares valued at $10.1 million after selling 9,561 shares in Q1.
• Korn/Ferry International reported quarterly earnings of $1.32 per share, exceeding analysts' estimates, and a revenue of $712.05 million, which represents a year-over-year increase of 3.1%.
• The company announced a quarterly dividend of $0.48 per share, representing an annualized yield of 2.6%, with a payout ratio of 41.56%.

Raymond James Financial Inc. reduced its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,471 shares of the business services provider's stock after selling 9,561 shares during the period. Raymond James Financial Inc. owned approximately 0.29% of Korn/Ferry International worth $10,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KFY. American Century Companies Inc. lifted its stake in 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 during the last quarter. Wellington Management Group LLP bought a new stake in Korn/Ferry International during the fourth quarter worth $51,454,000. Tidal Investments LLC lifted its stake in Korn/Ferry International by 5,931.0% during the fourth quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after purchasing an additional 346,193 shares during the last quarter. Artemis Investment Management LLP lifted its stake in Korn/Ferry International by 64.7% during the first quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider's stock worth $42,090,000 after purchasing an additional 243,759 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Korn/Ferry International during the first quarter worth $14,473,000. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Trading Up 0.1%

NYSE KFY traded up $0.10 on Thursday, reaching $73.69. The company had a trading volume of 136,453 shares, compared to its average volume of 414,046. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 15.95 and a beta of 1.49. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The business has a 50 day moving average of $73.22 and a two-hundred day moving average of $68.60. 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 results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $690.07 million. During the same period last year, the business posted $1.26 EPS. The business's revenue 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. Analysts forecast that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Announces Dividend

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 dividend of $0.48 per share. 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 presently 41.56%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen cut Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. UBS Group dropped 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, 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. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.00.

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.