American Century Companies Inc. Increases Stock Position in Korn/Ferry International $KFY

Key Points

• American Century Companies Inc. has increased its holdings in Korn/Ferry International by 89.1%, acquiring an additional 849,180 shares during the 1st quarter, bringing its total ownership to about 3.49% valued at $122.26 million.
• Korn/Ferry reported a quarterly earnings per share (EPS) of $1.32, exceeding expectations, with a revenue of $712.05 million for the quarter, reflecting a 3.1% increase year-over-year.
• The company declared a quarterly dividend of $0.48, representing an annualized yield of 2.6% and a payout ratio of 41.56%.

American Century Companies Inc. raised its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 89.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,802,461 shares of the business services provider's stock after acquiring an additional 849,180 shares during the period. American Century Companies Inc. owned about 3.49% of Korn/Ferry International worth $122,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in Korn/Ferry International in the 1st quarter worth about $479,000. Cookson Peirce & Co. Inc. grew its holdings in shares of Korn/Ferry International by 13.9% in the first quarter. Cookson Peirce & Co. Inc. now owns 8,125 shares of the business services provider's stock valued at $551,000 after acquiring an additional 991 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Korn/Ferry International by 6.4% during the first quarter. Neuberger Berman Group LLC now owns 32,338 shares of the business services provider's stock valued at $2,193,000 after acquiring an additional 1,937 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Korn/Ferry International during the first quarter worth $62,000. Finally, Russell Investments Group Ltd. lifted its holdings in Korn/Ferry International by 4.6% during the first quarter. Russell Investments Group Ltd. now owns 20,702 shares of the business services provider's stock worth $1,404,000 after acquiring an additional 910 shares during the period. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn/Ferry International Stock Performance

KFY traded up $2.3440 on Friday, hitting $75.2440. The company's stock had a trading volume of 156,082 shares, compared to its average volume of 416,629. The company's 50 day simple moving average is $72.42 and its 200-day simple moving average is $68.17. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a 12 month low of $59.23 and a 12 month high of $80.64. The firm has a market cap of $3.94 billion, a P/E ratio of 16.29 and a beta of 1.47.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.The firm had revenue of $712.05 million during the quarter, compared to analyst estimates of $690.07 million. During the same period last year, the company earned $1.26 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. Analysts forecast that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is 41.56%.

Wall Street Analysts Forecast Growth

KFY has been the subject of several research analyst reports. Truist Financial raised their target price on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, June 20th. UBS Group dropped their target price on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Korn/Ferry International has a consensus rating of "Moderate Buy" and an average price target of $81.00.

About Korn/Ferry International

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.