Intech Investment Management LLC Sells 12,511 Shares of Korn/Ferry International $KFY

Key Points

• Intech Investment Management LLC has decreased its stake in Korn/Ferry International by 22.9%, selling 12,511 shares and now holding about 0.08% of the company, valued at approximately $2.86 million.
• Korn/Ferry International reported a quarterly EPS of $1.31, exceeding analysts' expectations, with revenue of $708.61 million, reflecting a year-over-year increase of 4.8%.
• The firm declared a quarterly dividend of $0.48 per share, translating to a 2.7% yield, with a payout ratio currently at 40.76%.

Intech Investment Management LLC trimmed its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,102 shares of the business services provider's stock after selling 12,511 shares during the period. Intech Investment Management LLC owned about 0.08% of Korn/Ferry International worth $2,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KFY. Versant Capital Management Inc raised its holdings 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 worth $35,000 after acquiring an additional 223 shares in the last quarter. CX Institutional acquired a new position in Korn/Ferry International during the first quarter worth $39,000. Caitong International Asset Management Co. Ltd acquired a new position in Korn/Ferry International during the first quarter worth $62,000. Quarry LP increased its position in Korn/Ferry International by 193.6% during the first quarter. Quarry LP now owns 1,518 shares of the business services provider's stock worth $103,000 after buying an additional 1,001 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Korn/Ferry International during the first quarter worth $105,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KFY. UBS Group lowered 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. Truist Financial increased 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. Finally, 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. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Korn/Ferry International presently has a consensus rating of "Moderate Buy" and an average target price of $81.00.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY traded down $0.29 during midday trading on Friday, hitting $73.16. The company's stock had a trading volume of 1,132,519 shares, compared to its average volume of 455,247. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.53 and a beta of 1.49. The stock's 50 day simple moving average is $73.05 and its 200 day simple moving average is $69.26. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.21 and a current ratio of 2.21.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $708.61 million for the quarter, compared to the consensus estimate of $688.72 million. During the same period last year, the business earned $1.17 earnings per share. The firm'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. As a group, research analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International announced that its board has authorized a share repurchase program on Thursday, September 18th that permits the company to buyback $331.40 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $1.92 dividend on an annualized basis and a yield of 2.6%. Korn/Ferry International's dividend payout ratio (DPR) is 40.76%.

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.