Fifth Third Bancorp Purchases 39,797 Shares of Korn/Ferry International $KFY

Fifth Third Bancorp increased its position in shares of Korn/Ferry International (NYSE:KFY) by 13,536.4% during the 1st quarter, Holdings Channel reports. The firm owned 40,091 shares of the business services provider’s stock after purchasing an additional 39,797 shares during the quarter. Fifth Third Bancorp’s holdings in Korn/Ferry International were worth $2,524,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Korn/Ferry International by 22.7% during the 1st quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock worth $775,000 after buying an additional 2,112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Korn/Ferry International by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock valued at $2,073,000 after acquiring an additional 1,009 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Korn/Ferry International by 566.9% in the first quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock valued at $8,464,000 after acquiring an additional 106,076 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Korn/Ferry International during the first quarter valued at approximately $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Korn/Ferry International by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock valued at $11,704,000 after acquiring an additional 11,020 shares during the last quarter. 98.82% of the stock is owned by institutional investors.

Korn/Ferry International Stock Down 0.7%

KFY stock opened at $78.07 on Tuesday. The stock has a 50-day simple moving average of $70.64 and a two-hundred day simple moving average of $66.83. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $79.97. The firm has a market capitalization of $3.97 billion, a PE ratio of 14.90 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 announced its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The firm had revenue of $768.26 million for the quarter, compared to the consensus estimate of $743.35 million. During the same period in the prior year, the firm posted $1.32 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, equities 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. Stockholders of record on Monday, July 6th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

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

About Korn/Ferry International

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.