Amundi Decreases Holdings in 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 lowered its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 18.4% in the first quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Korn/Ferry International by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after buying an additional 223 shares during the last quarter. CX Institutional acquired a new position in shares of Korn/Ferry International during the first quarter valued at about $39,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Korn/Ferry International during the first quarter valued at about $62,000. Quarry LP raised its position in shares of Korn/Ferry International by 193.6% during the first quarter. Quarry LP now owns 1,518 shares of the business services provider's stock valued at $103,000 after buying an additional 1,001 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Korn/Ferry International during the first quarter valued at about $105,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn/Ferry International Trading Up 0.4%

NYSE KFY traded up $0.26 on Monday, hitting $72.54. The company's stock had a trading volume of 439,283 shares, compared to its average volume of 413,416. 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 1-year low of $59.23 and a 1-year high of $80.64. The company's 50-day moving average is $73.15 and its 200 day moving average is $69.08. The firm has a market cap of $3.80 billion, a PE ratio of 15.40 and a beta of 1.49.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.07. The company had revenue of $708.61 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.48 dividend. The ex-dividend date is Friday, September 26th. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. Korn/Ferry International's dividend payout ratio is currently 40.76%.

Analyst Ratings Changes

Several research analysts recently issued reports on KFY shares. Truist Financial increased their price target on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. UBS Group lowered their price target 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 report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently 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.