Rhumbline Advisers Sells 7,930 Shares of Korn/Ferry International $KFY

Key Points

• Rhumbline Advisers has reduced its stake in Korn/Ferry International by 5.0%, holding approximately 152,113 shares valued at $10.3 million.
• Korn/Ferry International recently declared a quarterly dividend of $0.48 per share, representing an annualized dividend of $1.92 and a yield of 2.6%.
• Analysts have revised their price targets for Korn/Ferry International, with Truist Financial increasing theirs from $80 to $88 and UBS Group lowering theirs from $75 to $74.

Rhumbline Advisers decreased its holdings in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,113 shares of the business services provider's stock after selling 7,930 shares during the quarter. Rhumbline Advisers owned about 0.29% of Korn/Ferry International worth $10,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in KFY. American Century Companies Inc. grew its position in shares of Korn/Ferry International by 89.1% during the 1st quarter. American Century Companies Inc. now owns 1,802,461 shares of the business services provider's stock valued at $122,261,000 after purchasing an additional 849,180 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Korn/Ferry International during the 4th quarter valued at $51,454,000. Tidal Investments LLC grew its position in Korn/Ferry International by 5,931.0% in the fourth quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after acquiring an additional 346,193 shares in the last quarter. New Vernon Capital Holdings II LLC grew its position in Korn/Ferry International by 11,876.9% in the first quarter. New Vernon Capital Holdings II LLC now owns 255,109 shares of the business services provider's stock worth $17,304,000 after acquiring an additional 252,979 shares in the last quarter. Finally, Artemis Investment Management LLP grew its position in Korn/Ferry International by 64.7% in the first quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider's stock worth $42,090,000 after acquiring an additional 243,759 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KFY has been the subject of several research reports. Wall Street Zen lowered shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. Truist Financial upped their target price on shares of 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 cut 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 report on Tuesday, May 27th. One 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

Korn/Ferry International Stock Up 0.4%

Shares of NYSE KFY traded up $0.29 on Tuesday, reaching $72.72. 83,380 shares of the company's stock traded hands, compared to its average volume of 423,101. Korn/Ferry International has a 12 month low of $59.23 and a 12 month high of $80.64. The business's 50 day simple moving average is $73.15 and its two-hundred day simple moving average is $69.08. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 15.42 and a beta of 1.49. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.21.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.07. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The business had revenue of $708.61 million during the quarter, compared to the consensus estimate of $688.72 million. During the same quarter last year, the firm earned $1.17 earnings per share. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. As a group, equities research analysts forecast that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Korn/Ferry International's dividend payout ratio (DPR) is currently 40.76%.

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.