Teachers Retirement System of The State of Kentucky Sells 18,659 Shares of Korn/Ferry International $KFY

Teachers Retirement System of The State of Kentucky reduced its stake in Korn/Ferry International (NYSE:KFY) by 58.5% during the first quarter, HoldingsChannel reports. The firm owned 13,221 shares of the business services provider’s stock after selling 18,659 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Korn/Ferry International were worth $832,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew its stake in Korn/Ferry International by 69.4% in the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $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. Clearstead Advisors LLC lifted its holdings in shares of Korn/Ferry International by 30,350.0% during the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after acquiring an additional 607 shares during the last quarter. Finally, Torren Management LLC bought a new stake in shares of Korn/Ferry International during the 4th quarter worth $52,000. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings raised Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Robert W. Baird lifted their price target on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. UBS Group increased their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Truist Financial raised their price objective on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Korn/Ferry International Trading Up 4.7%

NYSE KFY opened at $78.62 on Friday. The firm has a market cap of $4.00 billion, a PE ratio of 15.00 and a beta of 1.21. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $79.19. The stock has a 50-day moving average of $70.19 and a 200-day moving average of $66.67. 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 posted its quarterly 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. The business had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.Korn/Ferry International’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, sell-side analysts forecast that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $0.55 dividend. The ex-dividend date is Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. Korn/Ferry International’s dividend payout ratio (DPR) 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.