Wellington Management Group LLP Sells 1,045,574 Shares of Korn/Ferry International $KFY

Wellington Management Group LLP lessened its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 29.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,519,474 shares of the business services provider's stock after selling 1,045,574 shares during the quarter. Wellington Management Group LLP owned 4.91% of Korn/Ferry International worth $167,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its stake in Korn/Ferry International by 69.4% in the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider's stock worth $33,000 after purchasing an additional 206 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Korn/Ferry International by 30,350.0% in the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider's stock valued at $40,000 after purchasing an additional 607 shares in the last quarter. Kestra Investment Management LLC lifted its holdings in shares of Korn/Ferry International by 71.8% in the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider's stock valued at $42,000 after purchasing an additional 242 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider's stock worth $44,000 after buying an additional 400 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Korn/Ferry International during the third quarter worth about $56,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KFY has been the topic of a number of recent research reports. Truist Financial lifted their target price on Korn/Ferry International from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. UBS Group raised their price target on shares of Korn/Ferry International from $70.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Korn/Ferry International from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Robert W. Baird boosted their price objective on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings upgraded shares of Korn/Ferry International from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.50.

Korn/Ferry International Stock Performance

KFY opened at $85.57 on Tuesday. The business's 50-day simple moving average is $78.80 and its 200 day simple moving average is $70.10. Korn/Ferry International has a 52-week low of $58.95 and a 52-week high of $87.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market capitalization of $4.39 billion, a PE ratio of 16.33 and a beta of 1.19.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.03. The firm had revenue of $768.26 million during the quarter, compared to the consensus estimate of $743.35 million. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The business's revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, sell-side analysts expect that Korn/Ferry International will post 5.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, July 6th. Korn/Ferry International's payout ratio is presently 41.98%.

Korn/Ferry International Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company's core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.

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