Wesbanco Bank Inc. Has $1.09 Million Stake in Korn/Ferry International $KFY

Wesbanco Bank Inc. decreased its holdings in shares of Korn/Ferry International (NYSE:KFY) by 50.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,445 shares of the business services provider’s stock after selling 16,500 shares during the period. Wesbanco Bank Inc.’s holdings in Korn/Ferry International were worth $1,086,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KFY. Kestra Investment Management LLC grew its position in shares of Korn/Ferry International by 71.8% during the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after buying an additional 242 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Korn/Ferry International by 200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after buying an additional 400 shares during the period. Federated Hermes Inc. grew its position in shares of Korn/Ferry International by 160.4% during the 3rd quarter. Federated Hermes Inc. now owns 664 shares of the business services provider’s stock worth $46,000 after buying an additional 409 shares during the period. Torren Management LLC bought a new position in Korn/Ferry International during the 4th quarter worth approximately $52,000. Finally, Danske Bank A S bought a new position in Korn/Ferry International during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

Shares of KFY opened at $67.76 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $78.50. The firm’s 50 day moving average price is $63.65 and its two-hundred day moving average price is $65.43. The firm has a market cap of $3.52 billion, a P/E ratio of 13.39 and a beta of 1.22.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The firm had revenue of $725.04 million for the quarter, compared to analyst estimates of $692.45 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. On average, analysts forecast that Korn/Ferry International will post 5.29 EPS for the current fiscal year.

Korn/Ferry International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, March 27th. This is an increase from Korn/Ferry International’s previous quarterly dividend of $0.48. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. Korn/Ferry International’s payout ratio is presently 43.48%.

Analyst Ratings Changes

Several research firms recently weighed in on KFY. UBS Group lifted their price objective on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Weiss Ratings lowered shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Truist Financial reduced their price objective on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Korn/Ferry International presently has an average rating of “Moderate Buy” and an average target price of $73.00.

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.