Raymond James Financial Inc. Sells 9,561 Shares of 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. lessened its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 149,471 shares of the business services provider's stock after selling 9,561 shares during the period. Raymond James Financial Inc. owned about 0.29% of Korn/Ferry International worth $10,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Xponance Inc. grew its position in shares of 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 lifted its stake in shares of Korn/Ferry International by 5.8% in the first quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock valued at $233,000 after buying an additional 188 shares during the period. GAMMA Investing LLC lifted its stake in shares of Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after buying an additional 199 shares during the period. Versant Capital Management Inc lifted its stake in shares of Korn/Ferry International by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after buying an additional 223 shares during the period. Finally, Heritage Family Offices LLP lifted its stake in shares of Korn/Ferry International by 6.6% in the first quarter. Heritage Family Offices LLP now owns 4,113 shares of the business services provider's stock valued at $279,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn/Ferry International Price Performance

KFY traded down $0.45 during midday trading on Friday, reaching $73.27. 337,444 shares of the company's stock were exchanged, compared to its average volume of 283,625. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.86 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. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The business has a 50-day simple moving average of $73.23 and a two-hundred day simple moving average of $68.70.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced 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 firm had revenue of $712.05 million during the quarter, compared to analysts' expectations of $690.07 million. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. As a group, research analysts predict that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial increased their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Wall Street Zen cut shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group reduced their target price on shares of 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock 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.