Edgestream Partners L.P. Trims Position in Korn/Ferry International $KFY

Edgestream Partners L.P. decreased its position in Korn/Ferry International (NYSE:KFY) by 59.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,629 shares of the business services provider’s stock after selling 108,364 shares during the quarter. Edgestream Partners L.P.’s holdings in Korn/Ferry International were worth $4,698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Korn/Ferry International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider’s stock valued at $406,649,000 after purchasing an additional 44,425 shares during the period. Wellington Management Group LLP lifted its stake in shares of Korn/Ferry International by 48.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock worth $243,221,000 after purchasing an additional 1,132,473 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Korn/Ferry International by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,003,385 shares of the business services provider’s stock worth $189,065,000 after purchasing an additional 122,669 shares during the period. State Street Corp boosted its holdings in shares of Korn/Ferry International by 1.6% in the fourth quarter. State Street Corp now owns 2,000,452 shares of the business services provider’s stock worth $132,933,000 after buying an additional 31,175 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Korn/Ferry International by 1.1% in the third quarter. Invesco Ltd. now owns 1,493,922 shares of the business services provider’s stock worth $104,545,000 after buying an additional 16,519 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KFY has been the subject of a number of research reports. Wall Street Zen cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Truist Financial lifted 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. Weiss Ratings raised shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Robert W. Baird upped their price objective 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. Finally, UBS Group raised their target price on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Korn/Ferry International presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Korn/Ferry International Stock Up 0.1%

KFY stock opened at $82.17 on Friday. The business’s 50-day moving average price is $73.36 and its 200-day moving average price is $67.70. The stock has a market cap of $4.18 billion, a P/E ratio of 15.68 and a beta of 1.21. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $85.69.

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 net margin of 9.44% and a return on equity of 14.34%. The company had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. During the same period in the prior year, the firm posted $1.32 EPS. The firm’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. On average, equities research analysts forecast that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, July 6th. Korn/Ferry International’s dividend payout ratio is presently 41.98%.

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.