10,028 Korn/Ferry International $KFY Shares Sold by E. Ohman J or Asset Management AB

by · The Cerbat Gem

E. Ohman J or Asset Management AB lessened its stake in shares of Korn/Ferry International (NYSE:KFY – Free Report) by 20.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 39,859 shares of the business services provider’s stock after selling 10,028 shares during the period. E. Ohman J or Asset Management AB’s holdings in Korn/Ferry International were worth $2,854,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KFY. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Korn/Ferry International in the second quarter worth $446,000. California State Teachers Retirement System boosted its stake in Korn/Ferry International by 24.5% in the 1st quarter. California State Teachers Retirement System now owns 61,713 shares of the business services provider’s stock worth $3,885,000 after purchasing an additional 12,147 shares during the period. Congress Asset Management Co. increased its holdings in Korn/Ferry International by 21.2% in the 3rd quarter. Congress Asset Management Co. now owns 59,098 shares of the business services provider’s stock valued at $4,231,000 after acquiring an additional 10,357 shares during the last quarter. Moran Wealth Management LLC purchased a new stake in Korn/Ferry International in the 1st quarter worth $2,128,000. Finally, Principal Financial Group Inc. increased its stake in Korn/Ferry International by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 328,723 shares of the business services provider’s stock worth $20,693,000 after acquiring an additional 30,163 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KFY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Korn/Ferry International in a research report on Friday, September 18th. UBS Group raised their price objective on shares of Korn/Ferry International from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Finally, Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Korn/Ferry International currently has an average rating of “Moderate Buy” and an average target price of $80.25.

Check Out Our Latest Analysis on Korn/Ferry International

Korn/Ferry International Stock Performance

Shares of Korn/Ferry International stock opened at $76.44 on Friday. The company has a 50-day simple moving average of $77.73 and a two-hundred day simple moving average of $73.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.37 and a current ratio of 2.37. Korn/Ferry International has a one year low of $58.95 and a one year high of $87.51. The company has a market capitalization of $4.17 billion, a PE ratio of 14.42 and a beta of 1.25.

Korn/Ferry International (NYSE:KFY – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The business services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $764.62 million during the quarter, compared to analysts’ expectations of $737.66 million. Korn/Ferry International had a return on equity of 14.43% and a net margin of 9.36%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Research analysts expect that Korn/Ferry International will post 5.63 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 22nd were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, September 22nd. Korn/Ferry International’s payout ratio is currently 41.51%.

Korn/Ferry International Profile

(Free Report)

Korn Ferry is a global organizational consulting firm that helps companies and other institutions align their people, strategy and operations. Its services are designed to support organizations across the employee lifecycle, from attracting and selecting talent to developing leaders, improving performance and managing organizational change.

The company’s principal offerings include executive search and professional recruitment, recruitment process outsourcing, leadership assessment and development, succession planning, executive coaching, compensation and rewards consulting, and broader organizational strategy.

See Also

Want to see what other hedge funds are holding KFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Korn/Ferry International (NYSE:KFY – Free Report).