Allspring Global Investments Holdings LLC Has $91.61 Million Stake in Korn/Ferry International $KFY

Allspring Global Investments Holdings LLC lessened its holdings in Korn/Ferry International (NYSE:KFY) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,379,887 shares of the business services provider’s stock after selling 85,291 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.64% of Korn/Ferry International worth $91,611,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KFY. Kestra Investment Management LLC lifted its stake in Korn/Ferry International by 71.8% during the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after purchasing an additional 242 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of 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 valued at $44,000 after acquiring an additional 400 shares during the period. Federated Hermes Inc. boosted its stake in shares of Korn/Ferry International by 160.4% in the 3rd 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 in the last quarter. Danske Bank A S acquired a new stake in shares of Korn/Ferry International in the 3rd quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Korn/Ferry International by 84.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 854 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

KFY has been the topic of a number of recent analyst reports. Truist Financial reduced their price target 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. UBS Group cut their price objective on Korn/Ferry International from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings lowered shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Korn/Ferry International has a consensus rating of “Moderate Buy” and a consensus target price of $71.33.

Korn/Ferry International Stock Up 0.1%

NYSE KFY opened at $62.95 on Wednesday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 12.44 and a beta of 1.32. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $78.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a fifty day moving average of $63.80 and a 200-day moving average of $66.44.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The company had revenue of $725.04 million for 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 company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 EPS. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. On average, equities research analysts forecast that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.20 dividend on an annualized basis and a yield of 3.5%. This is a boost from Korn/Ferry International’s previous quarterly dividend of $0.48. Korn/Ferry International’s dividend payout ratio (DPR) is presently 43.48%.

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.