Royce & Associates LP Has $41.98 Million Stake in Korn/Ferry International $KFY

Royce & Associates LP trimmed its stake in shares of Korn/Ferry International (NYSE:KFY) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 635,858 shares of the business services provider’s stock after selling 26,057 shares during the period. Royce & Associates LP owned about 1.22% of Korn/Ferry International worth $41,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KFY. Royal Bank of Canada raised its holdings in shares of Korn/Ferry International by 22.7% during the first quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock worth $775,000 after acquiring an additional 2,112 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Korn/Ferry International by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock worth $2,073,000 after acquiring an additional 1,009 shares during the period. Millennium Management LLC raised its holdings in shares of Korn/Ferry International by 566.9% during the first quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock worth $8,464,000 after acquiring an additional 106,076 shares during the period. United Services Automobile Association acquired a new stake in shares of Korn/Ferry International during the first quarter worth $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Korn/Ferry International by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock valued at $11,704,000 after purchasing an additional 11,020 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on KFY shares. Weiss Ratings downgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. 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. Truist Financial decreased their target price on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, UBS Group raised their target price on shares of Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Korn/Ferry International Stock Up 0.2%

Korn/Ferry International stock opened at $68.14 on Tuesday. The company has a market cap of $3.54 billion, a P/E ratio of 13.47 and a beta of 1.22. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $78.50. The company has a fifty day simple moving average of $64.49 and a 200 day simple moving average of $65.24. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last released its 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 business had revenue of $725.04 million during the quarter, compared to the consensus estimate of $692.45 million. During the same quarter last year, the firm earned $1.19 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. Research analysts anticipate that Korn/Ferry International will post 5.29 earnings per share for the current fiscal year.

Korn/Ferry International Increases Dividend

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

About Korn/Ferry International

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.