SG Americas Securities LLC Lowers Stock Position in Korn/Ferry International $KFY

SG Americas Securities LLC cut its stake in shares of Korn/Ferry International (NYSE:KFY) by 64.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,894 shares of the business services provider’s stock after selling 10,902 shares during the quarter. SG Americas Securities LLC’s holdings in Korn/Ferry International were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KFY. IFP Advisors Inc lifted its holdings in Korn/Ferry International by 69.4% during the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 206 shares in the last quarter. Clearstead Advisors LLC increased its stake 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 worth $40,000 after purchasing an additional 607 shares in the last quarter. Kestra Investment Management LLC increased its stake 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 worth $42,000 after purchasing an additional 242 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Korn/Ferry International by 200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, Torren Management LLC purchased a new position in shares of Korn/Ferry International during the 4th quarter valued at $52,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International Stock Up 0.8%

Shares of KFY stock opened at $71.89 on Friday. The company’s fifty day simple moving average is $69.34 and its two-hundred day simple moving average is $66.37. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $78.50. The stock has a market cap of $3.66 billion, a P/E ratio of 13.72 and a beta of 1.21. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data 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. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The firm had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. During the same quarter last year, the business posted $1.32 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Analysts predict that Korn/Ferry International will post 5.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s dividend payout ratio (DPR) is currently 41.98%.

Analyst Ratings Changes

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

Korn/Ferry International Company 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.