Korn/Ferry International $KFY Stock Position Raised by Ariel Investments LLC

Key Points

• Ariel Investments LLC increased its stake in Korn/Ferry International by 4.0% in the first quarter, owning 589,145 shares valued at approximately $39.96 million.
• The company reported $1.32 earnings per share (EPS) for the most recent quarter, exceeding analysts' expectations of $1.26 and increasing its EPS from the previous year.
• Korn/Ferry International declared a quarterly dividend of $0.48, resulting in an annualized dividend yield of 2.6%.

Ariel Investments LLC lifted its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 4.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 589,145 shares of the business services provider's stock after purchasing an additional 22,578 shares during the quarter. Ariel Investments LLC owned 1.14% of Korn/Ferry International worth $39,962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Korn/Ferry International by 89.1% in the 1st quarter. American Century Companies Inc. now owns 1,802,461 shares of the business services provider's stock valued at $122,261,000 after purchasing an additional 849,180 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Korn/Ferry International by 4.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,388,500 shares of the business services provider's stock valued at $95,001,000 after purchasing an additional 62,779 shares during the period. Wellington Management Group LLP boosted its position in shares of Korn/Ferry International by 22.3% in the 1st quarter. Wellington Management Group LLP now owns 932,890 shares of the business services provider's stock valued at $63,278,000 after purchasing an additional 170,041 shares during the period. Victory Capital Management Inc. boosted its position in shares of Korn/Ferry International by 3.6% in the 1st quarter. Victory Capital Management Inc. now owns 920,758 shares of the business services provider's stock valued at $62,455,000 after purchasing an additional 31,982 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Korn/Ferry International by 1.1% in the 1st quarter. Ameriprise Financial Inc. now owns 721,026 shares of the business services provider's stock valued at $48,910,000 after purchasing an additional 8,100 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn/Ferry International Stock Down 0.6%

Korn/Ferry International stock traded down $0.45 during mid-day trading on Friday, hitting $73.27. The company's stock had a trading volume of 337,444 shares, compared to its average volume of 283,625. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64. The firm's 50 day moving average is $73.23 and its 200 day moving average is $68.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $3.83 billion, a PE ratio of 15.86 and a beta of 1.49.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $690.07 million. During the same period last year, the business earned $1.26 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. On average, analysts anticipate that Korn/Ferry International will post 4.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.48 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KFY shares. Truist Financial increased their price objective 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. UBS Group reduced their price objective on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. Finally, Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.00.

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.