Voya Investment Management LLC Sells 19,832 Shares of Korn/Ferry International $KFY

Voya Investment Management LLC lowered its position in Korn/Ferry International (NYSE:KFY) by 67.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,682 shares of the business services provider’s stock after selling 19,832 shares during the quarter. Voya Investment Management LLC’s holdings in Korn/Ferry International were worth $678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Heritage Family Offices LLP grew its position in Korn/Ferry International by 6.7% during the third quarter. Heritage Family Offices LLP now owns 4,388 shares of the business services provider’s stock worth $307,000 after buying an additional 275 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Korn/Ferry International by 9.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,934 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 165 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Korn/Ferry International by 3.1% during the 2nd quarter. Corient Private Wealth LLC now owns 33,924 shares of the business services provider’s stock valued at $2,488,000 after acquiring an additional 1,019 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Korn/Ferry International by 16.6% during the second quarter. Texas Permanent School Fund Corp now owns 54,118 shares of the business services provider’s stock worth $3,968,000 after purchasing an additional 7,709 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Korn/Ferry International by 12.7% in the second quarter. Osaic Holdings Inc. now owns 9,828 shares of the business services provider’s stock worth $723,000 after purchasing an additional 1,107 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Price Performance

Shares of Korn/Ferry International stock opened at $66.06 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.14 and a current ratio of 2.14. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $78.50. The company has a fifty day moving average of $66.36 and a 200-day moving average of $70.19. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 13.40 and a beta of 1.33.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Tuesday, December 9th. The business services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Korn/Ferry International had a net margin of 9.21% and a return on equity of 14.53%. The company had revenue of $729.80 million for the quarter, compared to analysts’ expectations of $705.16 million. During the same quarter last year, the company earned $1.21 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Korn/Ferry International has set its Q3 2026 guidance at 1.19-1.250 EPS. Equities research analysts expect that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 18th that permits the company to repurchase $331.40 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Korn/Ferry International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 19th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, December 19th. Korn/Ferry International’s dividend payout ratio (DPR) is presently 38.95%.

Wall Street Analyst Weigh In

KFY has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korn/Ferry International in a research report on Friday, October 31st. The Goldman Sachs Group lowered their price objective on shares of Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Finally, Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.67.

Korn/Ferry International 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.