Pzena Investment Management LLC Sells 19,509 Shares of Korn/Ferry International $KFY

Pzena Investment Management LLC trimmed its holdings in shares of Korn/Ferry International (NYSE:KFY) by 2.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 791,865 shares of the business services provider’s stock after selling 19,509 shares during the quarter. Pzena Investment Management LLC’s holdings in Korn/Ferry International were worth $52,279,000 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 position in shares of Korn/Ferry International by 69.4% during the 4th 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 in the last quarter. Kestra Investment Management LLC raised 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 valued at $42,000 after buying an additional 242 shares in the last quarter. Canada Pension Plan Investment Board raised 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 valued at $44,000 after buying an additional 400 shares in the last quarter. Federated Hermes Inc. raised 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 valued at $46,000 after buying an additional 409 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Korn/Ferry International during the 4th quarter valued at about $52,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. 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 report on Tuesday, March 10th. UBS Group increased 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 report on Thursday, April 9th. Finally, Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY opened at $66.62 on Friday. The firm has a market cap of $3.46 billion, a PE ratio of 13.17 and a beta of 1.22. The firm’s 50 day simple moving average is $64.24 and its 200-day simple moving average is $65.20. Korn/Ferry International has a one year low of $58.95 and a one year high of $78.50. 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 (NYSE:KFY) last issued its earnings results on Monday, March 9th. The business services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $725.04 million for the quarter, compared to analyst estimates of $692.45 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. As a group, equities analysts predict that Korn/Ferry International will post 5.29 EPS for the current year.

Korn/Ferry International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 27th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from Korn/Ferry International’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 3.3%. Korn/Ferry International’s dividend payout ratio is 43.48%.

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.