Korn/Ferry International $KFY Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in Korn/Ferry International (NYSE:KFY) by 68.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,331 shares of the business services provider’s stock after selling 7,389 shares during the quarter. Hsbc Holdings PLC’s holdings in Korn/Ferry International were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its position 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 purchasing an additional 206 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Korn/Ferry International by 30,350.0% during the fourth quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock valued at $40,000 after buying an additional 607 shares during the last quarter. Kestra Investment Management LLC raised its holdings in shares of Korn/Ferry International by 71.8% during the second 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 during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Korn/Ferry International by 200.0% during the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after buying an additional 400 shares during the period. Finally, Torren Management LLC acquired a new position in shares of Korn/Ferry International during the fourth quarter worth approximately $52,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn/Ferry International Stock Up 0.7%

NYSE KFY opened at $82.86 on Tuesday. Korn/Ferry International has a 12 month low of $58.95 and a 12 month high of $85.69. The company has a market capitalization of $4.21 billion, a P/E ratio of 15.81 and a beta of 1.19. The company’s 50 day simple moving average is $73.66 and its 200 day simple moving average is $67.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94.

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

Korn/Ferry International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were given a dividend of $0.55 per share. 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 41.98%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KFY shares. Truist Financial raised their target price on Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Robert W. Baird increased 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 lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group upped their price objective on shares of 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.50.

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.