Korn/Ferry International $KFY Shares Acquired by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its position in Korn/Ferry International by 7.1%, now owning approximately 2.88% of the company, valued at $109.9 million.
• Korn/Ferry's quarterly earnings surpassed analysts' expectations with $1.31 earnings per share (EPS), thereby setting Q2 2026 guidance between 1.230 and 1.33 EPS.
• The company recently announced a $331.40 million share repurchase plan and a quarterly dividend of $0.48 per share, reflecting confidence in its stock value.

Allspring Global Investments Holdings LLC grew its position in Korn/Ferry International (NYSE:KFY - Free Report) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,487,048 shares of the business services provider's stock after purchasing an additional 98,548 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.88% of Korn/Ferry International worth $109,908,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Meritage Portfolio Management boosted its stake in shares of Korn/Ferry International by 4.3% in the second quarter. Meritage Portfolio Management now owns 5,642 shares of the business services provider's stock worth $414,000 after buying an additional 231 shares during the last quarter. CWM LLC boosted its stake in shares of Korn/Ferry International by 79.8% in the second quarter. CWM LLC now owns 2,480 shares of the business services provider's stock worth $182,000 after buying an additional 1,101 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Korn/Ferry International by 3.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,648 shares of the business services provider's stock worth $414,000 after buying an additional 165 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Korn/Ferry International by 21.1% in the second quarter. Blue Trust Inc. now owns 937 shares of the business services provider's stock worth $69,000 after buying an additional 163 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Korn/Ferry International by 29.6% in the second quarter. Blair William & Co. IL now owns 170,831 shares of the business services provider's stock worth $12,527,000 after buying an additional 39,029 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on KFY. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Truist Financial upped their target price on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Korn/Ferry International in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $81.00.

Korn/Ferry International Stock Performance

Shares of KFY stock opened at $69.44 on Tuesday. The company has a market capitalization of $3.64 billion, a P/E ratio of 14.74 and a beta of 1.47. The business's 50 day moving average is $72.32 and its two-hundred day moving average is $69.70. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.21. 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 issued its quarterly earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.07. The company had revenue of $708.61 million for the quarter, compared to the consensus estimate of $688.72 million. Korn/Ferry International had a return on equity of 14.55% and a net margin of 8.95%.Korn/Ferry International's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Analysts expect that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International declared that its Board of Directors has approved a share repurchase plan on Thursday, September 18th that permits the company to buyback $331.40 million in shares. This buyback authorization permits the business services provider to buy up to 8.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Korn/Ferry International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued 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 dividend yield of 2.8%. Korn/Ferry International's dividend payout ratio is presently 40.76%.

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.

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