Dimensional Fund Advisors LP Sells 91,893 Shares of Korn/Ferry International $KFY

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Korn/Ferry International by 2.9%, holding 3,069,871 shares valued at approximately $208.23 million.
• Korn/Ferry's recent earnings report exceeded expectations, with an EPS of $1.32 compared to analysts' estimates of $1.26.
• The company has declared a quarterly dividend of $0.48 per share, reflecting an annualized yield of 2.6%.

Dimensional Fund Advisors LP lessened its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,069,871 shares of the business services provider's stock after selling 91,893 shares during the period. Dimensional Fund Advisors LP owned approximately 5.95% of Korn/Ferry International worth $208,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fox Run Management L.L.C. bought a new stake in Korn/Ferry International during the 1st quarter valued at $479,000. Cookson Peirce & Co. Inc. boosted its holdings in shares of Korn/Ferry International by 13.9% during the 1st 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 during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Korn/Ferry International by 6.4% in the first quarter. Neuberger Berman Group LLC now owns 32,338 shares of the business services provider's stock worth $2,193,000 after buying 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 1st quarter worth approximately $62,000. Finally, Russell Investments Group Ltd. raised its position in shares of 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 valued at $1,404,000 after buying an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen lowered shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Truist Financial upped their price objective 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. Finally, UBS Group decreased their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.00.

Korn/Ferry International Trading Down 0.3%

NYSE KFY traded down $0.2070 during trading hours on Thursday, hitting $72.8930. 134,039 shares of the company's stock were exchanged, compared to its average volume of 255,618. The firm has a market capitalization of $3.81 billion, a P/E ratio of 15.78 and a beta of 1.47. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.83 and a current ratio of 1.83. The business's 50 day moving average is $72.42 and its 200-day moving average is $68.17.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $712.05 million for the quarter, compared to the consensus estimate of $690.07 million. During the same period in the previous year, the business earned $1.26 EPS. Korn/Ferry International'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. As a group, analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

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

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.