Bank of New York Mellon Corp Acquires 31,208 Shares of Korn/Ferry International $KFY

Bank of New York Mellon Corp boosted its stake in shares of Korn/Ferry International (NYSE:KFY) by 5.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 651,148 shares of the business services provider’s stock after buying an additional 31,208 shares during the period. Bank of New York Mellon Corp’s holdings in Korn/Ferry International were worth $40,990,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc increased 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 acquiring an additional 206 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of 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 valued at $40,000 after purchasing an additional 607 shares during the period. Kestra Investment Management LLC lifted its holdings 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 valued at $42,000 after purchasing an additional 242 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Korn/Ferry International by 200.0% in the second 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 in the last quarter. Finally, Torren Management LLC acquired a new position in shares of Korn/Ferry International during the fourth quarter worth about $52,000. Institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

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

Korn/Ferry International Price Performance

Shares of NYSE KFY opened at $78.28 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94. The business has a 50-day moving average of $71.72 and a 200-day moving average of $67.16. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 14.94 and a beta of 1.21. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $79.97.

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

Korn/Ferry International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, July 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Korn/Ferry International’s dividend payout ratio is currently 41.98%.

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.