Clearbridge Investments LLC Sells 9,674 Shares of Korn/Ferry International $KFY

Clearbridge Investments LLC cut its position in Korn/Ferry International (NYSE:KFY) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,828 shares of the business services provider’s stock after selling 9,674 shares during the quarter. Clearbridge Investments LLC owned about 0.24% of Korn/Ferry International worth $8,307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KFY. IFP Advisors Inc raised its stake in shares of Korn/Ferry International by 69.4% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after buying an additional 206 shares during the period. Clearstead Advisors LLC raised 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 valued at $40,000 after buying an additional 607 shares during the period. Kestra Investment Management LLC boosted its position in Korn/Ferry International by 71.8% during 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 during the period. Canada Pension Plan Investment Board boosted its position in 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 purchasing an additional 400 shares during the period. Finally, Federated Hermes Inc. boosted its position in Korn/Ferry International by 160.4% during the third quarter. Federated Hermes Inc. now owns 664 shares of the business services provider’s stock worth $46,000 after purchasing an additional 409 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KFY has been the subject of a number of research reports. Weiss Ratings upgraded shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. UBS Group increased their target price on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Truist Financial boosted their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.67.

Korn/Ferry International Price Performance

KFY stock opened at $73.57 on Thursday. The firm has a 50 day moving average of $66.65 and a 200-day moving average of $65.79. The firm has a market capitalization of $3.82 billion, a P/E ratio of 14.54 and a beta of 1.21. 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 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Monday, March 9th. The business services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $725.04 million during the quarter, compared to analysts’ expectations of $692.45 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. Korn/Ferry International’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. As a group, sell-side analysts predict that Korn/Ferry International will post 5.29 earnings per share for the current fiscal year.

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.