Pzena Investment Management LLC Decreases Stock Position in Korn/Ferry International $KFY

Pzena Investment Management LLC reduced its position in Korn/Ferry International (NYSE:KFY) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 791,865 shares of the business services provider’s stock after selling 19,509 shares during the period. Pzena Investment Management LLC owned about 1.52% of Korn/Ferry International worth $52,279,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in Korn/Ferry International by 69.4% in the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after acquiring an additional 206 shares during the last quarter. Kestra Investment Management LLC raised its holdings in 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 worth $42,000 after acquiring an additional 242 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Korn/Ferry International by 200.0% in the 2nd 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 holdings in Korn/Ferry International by 160.4% in the 3rd quarter. Federated Hermes Inc. now owns 664 shares of the business services provider’s stock worth $46,000 after acquiring an additional 409 shares during the last quarter. Finally, Torren Management LLC purchased a new position in Korn/Ferry International in the 4th quarter worth approximately $52,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on KFY. UBS Group boosted their target price on shares of Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings lowered shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Finally, Truist Financial decreased their target price on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Korn/Ferry International Trading Up 0.5%

Shares of Korn/Ferry International stock opened at $66.62 on Friday. The company has a market capitalization of $3.46 billion, a P/E ratio of 13.17 and a beta of 1.22. 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 company has a fifty day moving average of $64.24 and a 200 day moving average of $65.20. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $78.50.

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

Korn/Ferry International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th were issued a dividend of $0.55 per share. This is a boost from Korn/Ferry International’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 27th. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. Korn/Ferry International’s payout ratio is currently 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.