Korn/Ferry International $KFY Stake Decreased by First Hawaiian Bank

Key Points

• First Hawaiian Bank has reduced its stake in Korn/Ferry International by 29.1%, selling 3,804 shares and now holding 9,263 shares worth approximately $628,000.
• Korn/Ferry International reported $1.31 EPS for the last quarter, surpassing estimates, with revenue of $708.61 million, reflecting a year-over-year growth of 4.8%.
• The company declared a quarterly dividend of $0.48 per share, resulting in a 2.7% dividend yield and a payout ratio of 40.76%.

First Hawaiian Bank lowered its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,263 shares of the business services provider's stock after selling 3,804 shares during the period. First Hawaiian Bank's holdings in Korn/Ferry International were worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KFY. American Century Companies Inc. grew its holdings in shares of Korn/Ferry International by 89.1% during the first quarter. American Century Companies Inc. now owns 1,802,461 shares of the business services provider's stock worth $122,261,000 after buying an additional 849,180 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Korn/Ferry International during the 4th quarter worth approximately $51,454,000. Tidal Investments LLC boosted its stake in shares of 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 in the last quarter. New Vernon Capital Holdings II LLC boosted its stake in shares of Korn/Ferry International by 11,876.9% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 255,109 shares of the business services provider's stock worth $17,304,000 after acquiring an additional 252,979 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. Truist Financial boosted their price target on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, UBS Group cut 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $81.00.

Korn/Ferry International Trading Down 0.4%

Shares of KFY traded down $0.29 during trading hours on Friday, hitting $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 quick ratio of 2.21 and a current ratio of 2.21. The firm has a market cap of $3.83 billion, a P/E ratio of 15.53 and a beta of 1.49. The company's fifty day simple moving average is $73.05 and its 200 day simple moving average is $69.26. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its quarterly 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 return on equity of 14.55% and a net margin of 8.95%.The firm had revenue of $708.61 million during the quarter, compared to the consensus estimate of $688.72 million. During the same period in the prior year, the firm earned $1.17 EPS. The firm's quarterly revenue 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. Equities research analysts forecast that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.48 per share. 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%.

Korn/Ferry International announced that its board has authorized a share buyback 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 usually an indication that the company's management believes its stock is undervalued.

About Korn/Ferry International

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.