Amundi Sells 5,507 Shares of Korn/Ferry International $KFY

Key Points

• Amundi has reduced its stake in Korn/Ferry International by 18.4%, selling 5,507 shares and now holding 24,477 shares valued at $1,580,000.
• Korn/Ferry reported strong quarterly earnings with an EPS of $1.31, surpassing estimates, along with a revenue increase to $708.61 million.
• The company is set to pay a quarterly dividend of $0.48 on October 15th, representing an annualized yield of 2.7% with a payout ratio of 41.56%.

Amundi trimmed its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 18.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,477 shares of the business services provider's stock after selling 5,507 shares during the period. Amundi's holdings in Korn/Ferry International were worth $1,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KFY. American Century Companies Inc. grew its holdings in 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 during the period. Wellington Management Group LLP acquired a new stake in Korn/Ferry International during the 4th quarter worth about $51,454,000. Tidal Investments LLC grew its holdings 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 acquiring an additional 346,193 shares during the period. Artemis Investment Management LLP grew its holdings in Korn/Ferry International by 64.7% during the 1st quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider's stock worth $42,090,000 after acquiring an additional 243,759 shares during the period. Finally, Nuveen LLC acquired a new stake in Korn/Ferry International during the 1st quarter worth about $14,473,000. Institutional investors own 98.82% of the company's stock.

Korn/Ferry International Stock Up 1.5%

KFY stock traded up $1.07 during mid-day trading on Thursday, reaching $73.47. 386,059 shares of the company traded hands, compared to its average volume of 442,782. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 15.60 and a beta of 1.49. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.21. 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 moving average price is $73.06 and its 200 day moving average price is $69.20.

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

Korn/Ferry International announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 18th that allows the company to buyback $331.40 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 8.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Korn/Ferry International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be issued 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 of this dividend is Friday, September 26th. Korn/Ferry International's payout ratio is 40.76%.

Analysts Set New Price Targets

A number of analysts have weighed in on KFY shares. 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. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. 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 report on Friday, June 20th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.00.

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.