Wedge Capital Management L L P NC Cuts Position in Korn/Ferry International $KFY

Wedge Capital Management L L P NC decreased its position in Korn/Ferry International (NYSE:KFY) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,977 shares of the business services provider’s stock after selling 6,992 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Korn/Ferry International were worth $6,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB boosted its position in shares of Korn/Ferry International by 19.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 13,802 shares of the business services provider’s stock valued at $919,000 after acquiring an additional 2,200 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Korn/Ferry International by 38.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 9,461 shares of the business services provider’s stock worth $630,000 after purchasing an additional 2,652 shares during the last quarter. Trust Point Inc. purchased a new stake in Korn/Ferry International during the second quarter valued at $208,000. Baron Wealth Management LLC lifted its position in Korn/Ferry International by 101.0% during the second quarter. Baron Wealth Management LLC now owns 6,497 shares of the business services provider’s stock valued at $433,000 after purchasing an additional 3,265 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Korn/Ferry International by 53.3% during the second quarter. GAMMA Investing LLC now owns 6,395 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 2,223 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International Trading Up 0.4%

Shares of KFY opened at $83.07 on Thursday. The company’s fifty day simple moving average is $75.52 and its 200-day simple moving average is $68.56. The company has a market cap of $4.27 billion, a P/E ratio of 15.85 and a beta of 1.19. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a twelve month low of $58.95 and a twelve month high of $85.69.

Korn/Ferry International (NYSE:KFY) last released 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 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 in the previous year, the company earned $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, analysts expect that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, July 6th. Korn/Ferry International’s payout ratio is 41.98%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KFY. Robert W. Baird boosted their target price 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. Truist Financial lifted their price target on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Finally, UBS Group raised their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.