American Century Companies Inc. Buys 849,180 Shares of 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. boosted its holdings in Korn/Ferry International (NYSE:KFY - Free Report) by 89.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 3.49% of Korn/Ferry International worth $122,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KFY. Xponance Inc. increased its position in Korn/Ferry International by 3.8% during the 1st quarter. Xponance Inc. now owns 5,004 shares of the business services provider's stock worth $339,000 after buying an additional 184 shares during the period. Hohimer Wealth Management LLC boosted its position in shares of Korn/Ferry International by 5.8% in the first quarter. Hohimer Wealth Management LLC now owns 3,439 shares of the business services provider's stock valued at $233,000 after acquiring an additional 188 shares during the period. GAMMA Investing LLC grew its stake in shares of Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after acquiring an additional 199 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Korn/Ferry International by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after acquiring an additional 223 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in Korn/Ferry International by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock worth $366,000 after acquiring an additional 225 shares during the period. 98.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Korn/Ferry International Price Performance

Shares of KFY stock traded down $0.6540 during trading hours on Wednesday, reaching $73.0760. The company's stock had a trading volume of 207,484 shares, compared to its average volume of 420,049. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm's 50 day simple moving average is $72.26 and its 200-day simple moving average is $68.12. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 15.82 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. The company had revenue of $712.05 million during the quarter, compared to analysts' expectations of $690.07 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.Korn/Ferry International's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. Sell-side analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid 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 presently 41.56%.

Korn/Ferry International Company 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.