Raymond James Financial Inc. Cuts Holdings in Korn/Ferry International $KFY

Raymond James Financial Inc. trimmed its holdings in shares of Korn/Ferry International (NYSE:KFY) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,471 shares of the business services provider’s stock after selling 9,561 shares during the quarter. Raymond James Financial Inc. owned approximately 0.29% of Korn/Ferry International worth $10,138,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CX Institutional acquired a new stake in Korn/Ferry International in the first quarter valued at approximately $39,000. GAMMA Investing LLC boosted its stake in Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 199 shares in the last quarter. Edgestream Partners L.P. boosted its stake in Korn/Ferry International by 140.1% in the first quarter. Edgestream Partners L.P. now owns 91,138 shares of the business services provider’s stock valued at $6,182,000 after acquiring an additional 53,175 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Korn/Ferry International during the fourth quarter worth $1,593,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Korn/Ferry International by 1.8% during the first quarter. Principal Financial Group Inc. now owns 284,607 shares of the business services provider’s stock worth $19,305,000 after buying an additional 5,128 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International Stock Performance

KFY opened at $74.20 on Monday. The firm has a market capitalization of $3.88 billion, a PE ratio of 16.06 and a beta of 1.49. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64. The firm’s 50-day moving average price is $73.18 and its 200 day moving average price is $68.48. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.21.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The firm had revenue of $712.05 million for the quarter, compared to analyst estimates of $690.07 million. Korn/Ferry International had a net margin of 8.91% and a return on equity of 14.49%. Korn/Ferry International’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. As a group, sell-side analysts expect that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, July 3rd. Korn/Ferry International’s payout ratio is presently 41.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, June 20th. UBS Group decreased their target price on shares of Korn/Ferry International from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Tuesday, May 27th. Finally, Wall Street Zen cut shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 9th. One analyst has 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 stock has an average rating of “Moderate Buy” and a consensus price target of $81.00.

Korn/Ferry International Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.