Allspring Global Investments Holdings LLC Cuts Stock Position in Korn/Ferry International $KFY

Allspring Global Investments Holdings LLC trimmed its holdings in Korn/Ferry International (NYSE:KFY) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,276,458 shares of the business services provider’s stock after selling 103,429 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Korn/Ferry International were worth $79,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KFY. IFP Advisors Inc grew its position in shares of Korn/Ferry International by 69.4% during the fourth quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Kestra Investment Management LLC lifted its holdings in Korn/Ferry International by 71.8% in the 2nd 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 boosted its stake 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 during the period. Clearstead Advisors LLC boosted its stake in Korn/Ferry International by 30,350.0% in the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after purchasing an additional 607 shares during the period. Finally, Torren Management LLC purchased a new stake in Korn/Ferry International during the 4th quarter valued at approximately $52,000. Institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Price Performance

KFY stock opened at $78.57 on Friday. The stock has a market cap of $4.00 billion, a PE ratio of 14.99 and a beta of 1.21. Korn/Ferry International has a 12 month low of $58.95 and a 12 month high of $79.97. The company has a 50-day moving average price of $70.41 and a 200 day moving average price of $66.75. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 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 business had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. During the same period last year, the company posted $1.32 earnings per share. The company’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. Equities research analysts anticipate that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The company also recently disclosed 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 2.8%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s dividend payout ratio (DPR) is presently 41.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KFY shares. Truist Financial lifted their price objective on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. 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. 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 report on Wednesday, June 24th. Finally, Robert W. Baird increased their price objective 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.