E. Ohman J or Asset Management AB Sells 5,819 Shares of Korn/Ferry International $KFY

Key Points

• E. Ohman J or Asset Management AB reduced its stake in Korn/Ferry International (KFY) by 11.3%, bringing its total holdings to 45,836 shares, valued at approximately $3.36 million.
• Analysts have mixed ratings on Korn/Ferry, with Wall Street Zen downgrading the stock from a "strong buy" to a "buy," while Truist Financial raised the target price from $80.00 to $88.00.
• Korn/Ferry International reported $1.31 earnings per share for the last quarter, exceeding expectations, and declared a quarterly dividend of $0.48 per share, with a yield of 2.6%.

E. Ohman J or Asset Management AB reduced its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,836 shares of the business services provider's stock after selling 5,819 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.09% of Korn/Ferry International worth $3,361,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CX Institutional purchased a new position in Korn/Ferry International during the 1st quarter valued at $39,000. GAMMA Investing LLC increased its position in Korn/Ferry International by 11.4% during the 1st quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after purchasing an additional 199 shares during the period. Jane Street Group LLC increased its position in Korn/Ferry International by 1,385.2% during the 1st quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider's stock valued at $13,733,000 after purchasing an additional 188,829 shares during the period. Edgestream Partners L.P. increased its position in Korn/Ferry International by 140.1% during the 1st quarter. Edgestream Partners L.P. now owns 91,138 shares of the business services provider's stock valued at $6,182,000 after purchasing an additional 53,175 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of Korn/Ferry International in the 4th quarter worth about $1,593,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn/Ferry International Stock Down 0.4%

Korn/Ferry International stock traded down $0.29 during mid-day trading on Friday, reaching $73.16. The stock had a trading volume of 1,132,519 shares, compared to its average volume of 455,247. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.21 and a quick ratio of 2.21. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.53 and a beta of 1.49. The company has a 50-day moving average price of $73.05 and a two-hundred day moving average price of $69.26. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The business had revenue of $708.61 million for the quarter, compared to analysts' expectations of $688.72 million. During the same quarter in the prior year, the business earned $1.17 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. On average, analysts expect 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 authorizes the company to buyback $331.40 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 8.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Korn/Ferry International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, September 26th. Korn/Ferry International's dividend payout ratio is 40.76%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KFY shares. Truist Financial upped their target price 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. Wall Street Zen downgraded shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. Finally, UBS Group reduced their target price on shares of 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Korn/Ferry International currently has an average rating of "Moderate Buy" and an average price target 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.