Glenmede Trust Co. NA Sells 12,668 Shares of Korn/Ferry International $KFY

Glenmede Trust Co. NA decreased its holdings in shares of Korn/Ferry International (NYSE:KFY) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,083 shares of the business services provider’s stock after selling 12,668 shares during the quarter. Glenmede Trust Co. NA’s holdings in Korn/Ferry International were worth $9,448,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of KFY. Russell Investments Group Ltd. grew its stake in shares of Korn/Ferry International by 0.5% in the 4th quarter. Russell Investments Group Ltd. now owns 31,860 shares of the business services provider’s stock worth $2,103,000 after buying an additional 167 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Korn/Ferry International by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,583 shares of the business services provider’s stock valued at $369,000 after buying an additional 178 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Korn/Ferry International by 2.9% during the 3rd quarter. Vise Technologies Inc. now owns 6,378 shares of the business services provider’s stock valued at $446,000 after buying an additional 179 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Korn/Ferry International by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,555 shares of the business services provider’s stock valued at $1,819,000 after acquiring an additional 181 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Korn/Ferry International by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,013 shares of the business services provider’s stock worth $793,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Price Performance

Shares of KFY opened at $82.86 on Tuesday. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 15.81 and a beta of 1.19. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $85.69. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $73.66 and a two-hundred day moving average of $67.81.

Korn/Ferry International (NYSE:KFY) last released its quarterly 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. The business had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, analysts predict that Korn/Ferry International will post 5.75 earnings per share for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, July 6th. Korn/Ferry International’s dividend payout ratio is currently 41.98%.

Analyst Ratings Changes

KFY has been the topic of a number of recent research reports. Truist Financial upped their price objective 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. UBS Group raised their price target on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Robert W. Baird upped their target price on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

Korn/Ferry International Company 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.