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 cut its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,113 shares of the business services provider's stock after selling 7,930 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Korn/Ferry International worth $10,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Xponance Inc. boosted its stake in Korn/Ferry International by 3.8% during the first quarter. Xponance Inc. now owns 5,004 shares of the business services provider's stock worth $339,000 after acquiring an additional 184 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in Korn/Ferry International by 5.8% during the first quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock worth $233,000 after buying an additional 188 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 worth $131,000 after buying an additional 199 shares during the last quarter. Versant Capital Management Inc raised its holdings in Korn/Ferry International by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after buying an additional 223 shares during the last quarter. Finally, Heritage Family Offices LLP raised its holdings in Korn/Ferry International by 6.6% during the first quarter. Heritage Family Offices LLP now owns 4,113 shares of the business services provider's stock worth $279,000 after buying an additional 253 shares during the last quarter. 98.82% of the stock is owned by institutional investors.

Korn/Ferry International Stock Performance

NYSE:KFY traded down $2.73 on Friday, reaching $72.34. 526,110 shares of the company's stock were exchanged, compared to its average volume of 398,819. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.21 and a quick ratio of 1.83. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 15.36 and a beta of 1.49. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The stock has a fifty day simple moving average of $73.16 and a 200-day simple moving average of $69.00.

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

Korn/Ferry International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, September 26th. Korn/Ferry International's dividend payout ratio (DPR) is 40.76%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group lowered their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Wall Street Zen downgraded shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. Finally, Truist Financial upped their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Friday, June 20th. One equities research 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.com, Korn/Ferry International currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

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.