Hsbc Holdings PLC Raises Stake in Korn/Ferry International $KFY

Hsbc Holdings PLC lifted its position in Korn/Ferry International (NYSE:KFY) by 241.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,720 shares of the business services provider’s stock after buying an additional 7,577 shares during the quarter. Hsbc Holdings PLC’s holdings in Korn/Ferry International were worth $708,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Korn/Ferry International by 22.7% in the first quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock worth $775,000 after buying an additional 2,112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 buying an additional 1,009 shares in the last quarter. Millennium Management LLC increased its stake in Korn/Ferry International by 566.9% in the 1st 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 last quarter. United Services Automobile Association purchased a new stake in shares of Korn/Ferry International in the 1st quarter valued at about $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Korn/Ferry International by 6.8% in the 1st 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 acquiring an additional 11,020 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Stock Performance

Korn/Ferry International stock opened at $75.14 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.82 billion, a P/E ratio of 14.34 and a beta of 1.21. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $78.50. The firm has a 50-day moving average of $69.96 and a 200-day moving average of $66.59.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a return on equity of 14.34% and a net margin of 9.44%.The company had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Sell-side analysts expect that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

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

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.