SG Americas Securities LLC Sells 10,902 Shares of Korn/Ferry International $KFY

SG Americas Securities LLC reduced its holdings in Korn/Ferry International (NYSE:KFY) by 64.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,894 shares of the business services provider’s stock after selling 10,902 shares during the period. SG Americas Securities LLC’s holdings in Korn/Ferry International were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KFY. Russell Investments Group Ltd. grew its position in Korn/Ferry International by 0.5% in the fourth quarter. Russell Investments Group Ltd. now owns 31,860 shares of the business services provider’s stock worth $2,103,000 after acquiring an additional 167 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Korn/Ferry International by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,583 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 178 shares during the period. Vise Technologies Inc. raised its position in Korn/Ferry International by 2.9% during the third quarter. Vise Technologies Inc. now owns 6,378 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 179 shares during the period. Illinois Municipal Retirement Fund lifted its stake 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 purchasing an additional 181 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Korn/Ferry International by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,013 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 200 shares during the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn/Ferry International Stock Up 0.8%

NYSE:KFY opened at $71.89 on Friday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 13.72 and a beta of 1.21. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $78.50. 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 stock has a fifty day simple moving average of $69.34 and a 200-day simple moving average of $66.37.

Korn/Ferry International (NYSE:KFY) last posted 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. The firm had revenue of $768.26 million for 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 business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Analysts anticipate that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is currently 41.98%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KFY. Truist Financial boosted 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 raised their price target on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. UBS Group lifted their price objective on shares of Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. 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. Finally, Weiss Ratings upgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.