ARGA Investment Management LP Cuts Stake in Korn/Ferry International $KFY

ARGA Investment Management LP trimmed its holdings in shares of Korn/Ferry International (NYSE:KFY) by 71.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,251 shares of the business services provider’s stock after selling 18,481 shares during the quarter. ARGA Investment Management LP’s holdings in Korn/Ferry International were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc raised 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 acquiring an additional 206 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in 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 acquiring an additional 607 shares during the period. Kestra Investment Management LLC lifted its holdings in 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 acquiring an additional 242 shares during the period. Canada Pension Plan Investment Board boosted its position in Korn/Ferry International by 200.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Korn/Ferry International during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Up 1.6%

KFY stock opened at $73.05 on Friday. Korn/Ferry International has a 12 month low of $58.95 and a 12 month high of $78.50. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 13.94 and a beta of 1.21. The firm has a 50-day moving average of $69.47 and a two-hundred day moving average of $66.42.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping 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 company had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts forecast that Korn/Ferry International will post 5.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

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

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.