Allianz Asset Management GmbH Raises Stock Holdings in Korn/Ferry International $KFY

Key Points

• Allianz Asset Management GmbH has raised its stake in Korn/Ferry International by 11.3% during the second quarter, owning 317,500 shares valued at approximately $23.28 million.
• Analysts have varied opinions on Korn/Ferry International, with one cutting its rating from "strong-buy" to "buy", while others maintain a "buy" rating, giving it an average price target of $81.00.
• Korn/Ferry International recently declared a quarterly dividend of $0.48 per share, indicating a dividend yield of 2.8%, alongside an authorized share buyback program worth $331.40 million.

Allianz Asset Management GmbH increased its position in Korn/Ferry International (NYSE:KFY - Free Report) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,500 shares of the business services provider's stock after buying an additional 32,127 shares during the quarter. Allianz Asset Management GmbH owned 0.62% of Korn/Ferry International worth $23,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KFY. Caitong International Asset Management Co. Ltd purchased a new position in shares of Korn/Ferry International in the first quarter worth $62,000. CX Institutional increased its stake in shares of Korn/Ferry International by 45.4% in the second quarter. CX Institutional now owns 839 shares of the business services provider's stock worth $62,000 after buying an additional 262 shares during the period. Blue Trust Inc. increased its stake in shares of Korn/Ferry International by 21.1% in the second quarter. Blue Trust Inc. now owns 937 shares of the business services provider's stock worth $69,000 after buying an additional 163 shares during the period. Quarry LP increased its stake in shares of Korn/Ferry International by 193.6% in the first quarter. Quarry LP now owns 1,518 shares of the business services provider's stock worth $103,000 after buying an additional 1,001 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Korn/Ferry International in the first quarter worth $105,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Korn/Ferry International in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Korn/Ferry International has an average rating of "Moderate Buy" and an average price target of $81.00.

Korn/Ferry International Stock Up 0.1%

NYSE:KFY opened at $68.32 on Monday. The firm's 50-day moving average price is $72.19 and its 200-day moving average price is $69.74. The company has a market capitalization of $3.58 billion, a PE ratio of 14.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.21 and a quick ratio of 2.21. Korn/Ferry International has a 1-year low of $59.23 and a 1-year high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.07. The firm had revenue of $708.61 million for the quarter, compared to the consensus estimate of $688.72 million. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. On average, equities analysts predict that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. Korn/Ferry International's dividend payout ratio is currently 40.76%.

Korn/Ferry International announced that its board has authorized a share buyback program on Thursday, September 18th that allows the company to repurchase $331.40 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Korn/Ferry International 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.