Korn/Ferry International $KFY Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its position in Korn/Ferry International (NYSE:KFY) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 834,540 shares of the business services provider’s stock after selling 33,140 shares during the period. Pzena Investment Management LLC’s holdings in Korn/Ferry International were worth $59,745,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KFY. Bank of New York Mellon Corp acquired a new stake in shares of Korn/Ferry International in the second quarter valued at approximately $43,812,000. Neumeier Poma Investment Counsel LLC acquired a new position in shares of Korn/Ferry International during the second quarter worth approximately $26,722,682. Dimensional Fund Advisors LP boosted its position in shares of Korn/Ferry International by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,003,385 shares of the business services provider’s stock worth $189,065,000 after buying an additional 122,669 shares during the period. Tidal Investments LLC grew its holdings in Korn/Ferry International by 27.6% in the 2nd quarter. Tidal Investments LLC now owns 312,031 shares of the business services provider’s stock worth $20,775,000 after buying an additional 67,495 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Korn/Ferry International by 657.5% in the 1st quarter. Quantinno Capital Management LP now owns 67,616 shares of the business services provider’s stock worth $4,256,000 after buying an additional 58,690 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on KFY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Korn/Ferry International in a research note on Friday, September 18th. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Finally, UBS Group raised their price target on Korn/Ferry International from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.25.

Korn/Ferry International Trading Up 2.6%

Shares of NYSE:KFY opened at $78.08 on Thursday. The company has a 50 day moving average of $76.39 and a 200-day moving average of $71.26. The firm has a market cap of $4.26 billion, a P/E ratio of 14.73 and a beta of 1.25. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $87.51. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Wednesday, September 9th. The business services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. Korn/Ferry International had a net margin of 9.36% and a return on equity of 14.43%. The business had revenue of $764.62 million for the quarter, compared to analyst estimates of $737.66 million. During the same quarter last year, the business earned $1.26 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. As a group, analysts anticipate that Korn/Ferry International will post 5.63 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 22nd were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 22nd. Korn/Ferry International’s dividend payout ratio (DPR) is presently 41.51%.

Korn/Ferry International Company Profile

Korn Ferry is a global organizational consulting firm that helps companies and other institutions align their people, strategy and operations. Its services are designed to support organizations across the employee lifecycle, from attracting and selecting talent to developing leaders, improving performance and managing organizational change.

The company’s principal offerings include executive search and professional recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, executive coaching, compensation and rewards consulting, and broader organizational strategy.