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

Hsbc Holdings PLC trimmed its holdings in shares of Korn/Ferry International (NYSE:KFY) by 68.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its stake in Korn/Ferry International by 69.4% during the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 206 shares in the last quarter. Kestra Investment Management LLC raised its position in shares of Korn/Ferry International by 71.8% in the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 242 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Korn/Ferry International by 200.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Korn/Ferry International by 30,350.0% during the 4th 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. Finally, Torren Management LLC purchased a new position in shares of Korn/Ferry International during the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Price Performance

Shares of NYSE:KFY opened at $82.86 on Tuesday. The company has a market cap of $4.21 billion, a PE ratio of 15.81 and a beta of 1.19. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $85.69. The firm has a 50-day simple moving average of $73.66 and a 200 day simple moving average of $67.81. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The firm had revenue of $768.26 million for the quarter, compared to analysts’ expectations of $743.35 million. During the same quarter last year, the company posted $1.32 earnings per share. Korn/Ferry International’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. On average, sell-side analysts anticipate that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. Korn/Ferry International’s dividend payout ratio (DPR) is 41.98%.

Analysts Set New Price Targets

KFY has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Robert W. Baird raised their price objective on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a 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 research report on Tuesday, June 23rd. UBS Group upped their target price on shares of Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, 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 research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Korn/Ferry International presently has an average rating of “Moderate Buy” and an average price target 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.