Ameriprise Financial Inc. Raises Holdings in Korn/Ferry International $KFY

Key Points

• Ameriprise Financial Inc. increased its position in Korn/Ferry International by 1.1%, owning approximately 721,026 shares worth $48.9 million as of the latest quarter.
• Korn/Ferry International reported earnings per share of $1.32 for the last quarter, surpassing estimates and showing a 3.1% growth in revenue year-over-year.
• The company's quarterly dividend of $0.48 per share represents an annual yield of 2.6%, with an estimated payout ratio of 41.56%.

Ameriprise Financial Inc. increased its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 721,026 shares of the business services provider's stock after buying an additional 8,100 shares during the period. Ameriprise Financial Inc. owned about 1.40% of Korn/Ferry International worth $48,910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Korn/Ferry International by 89.1% during the 1st quarter. American Century Companies Inc. now owns 1,802,461 shares of the business services provider's stock worth $122,261,000 after acquiring an additional 849,180 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Korn/Ferry International during the 4th quarter worth $51,454,000. Tidal Investments LLC grew its position in Korn/Ferry International by 5,931.0% during the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after purchasing an additional 346,193 shares during the last quarter. Artemis Investment Management LLP increased its stake in Korn/Ferry International by 64.7% in the first quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider's stock valued at $42,090,000 after purchasing an additional 243,759 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Korn/Ferry International in the first quarter valued at about $14,473,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International Stock Performance

Shares of KFY opened at $75.09 on Thursday. 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 52-week low of $59.23 and a 52-week high of $80.64. The company has a 50-day simple moving average of $73.03 and a 200-day simple moving average of $68.36. The company has a market capitalization of $3.93 billion, a PE ratio of 16.25 and a beta of 1.47.

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

Korn/Ferry International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.92 annualized dividend and a yield of 2.6%. Korn/Ferry International's payout ratio is currently 41.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. Finally, UBS Group decreased their price target on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.00.

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.

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