HighTower Advisors LLC Sells 8,505 Shares of Korn/Ferry International $KFY

HighTower Advisors LLC reduced its holdings in Korn/Ferry International (NYSE:KFY) by 24.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,211 shares of the business services provider’s stock after selling 8,505 shares during the period. HighTower Advisors LLC owned approximately 0.05% of Korn/Ferry International worth $1,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KFY. Kestra Investment Management LLC lifted its holdings 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 acquiring an additional 242 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in 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 acquiring an additional 400 shares during the last quarter. Federated Hermes Inc. raised its position in Korn/Ferry International by 160.4% during the third quarter. Federated Hermes Inc. now owns 664 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 409 shares during the period. Torren Management LLC purchased a new stake in Korn/Ferry International during the fourth quarter valued at approximately $52,000. Finally, Danske Bank A S bought a new stake in shares of Korn/Ferry International in the 3rd quarter valued at approximately $56,000. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Stock Down 1.4%

Shares of NYSE KFY opened at $71.28 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $3.70 billion, a P/E ratio of 14.09 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 simple moving average of $65.37 and a two-hundred day simple moving average of $65.41.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data on Monday, March 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. The business had revenue of $725.04 million during the quarter, compared to the consensus estimate of $692.45 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 earnings per share. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. Research analysts anticipate that Korn/Ferry International will post 5.29 earnings per share for the current year.

Korn/Ferry International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, March 27th. This is an increase from Korn/Ferry International’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 3.1%. Korn/Ferry International’s payout ratio is 43.48%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KFY. Weiss Ratings upgraded Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. UBS Group raised their price target on Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Truist Financial cut their price objective on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.