Korn/Ferry International $KFY Shares Bought by Jane Street Group LLC

Key Points

• Jane Street Group LLC significantly increased its holdings in Korn/Ferry International by 1,385.2%, acquiring a total of 202,461 shares worth approximately $13.7 million.
• Korn/Ferry International reported a quarterly earnings per share of $1.31, exceeding analyst estimates of $1.24, with revenue also surpassing expectations at $708.61 million.
• The company announced a quarterly dividend of $0.48 per share, which represents an annualized yield of 2.7% and a payout ratio of 40.76%.

Jane Street Group LLC raised its position in Korn/Ferry International (NYSE:KFY - Free Report) by 1,385.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 202,461 shares of the business services provider's stock after purchasing an additional 188,829 shares during the period. Jane Street Group LLC owned 0.39% of Korn/Ferry International worth $13,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Korn/Ferry International by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider's stock valued at $11,704,000 after purchasing an additional 11,020 shares in the last quarter. United Services Automobile Association purchased a new position in Korn/Ferry International in the 1st quarter valued at $231,000. PharVision Advisers LLC purchased a new position in Korn/Ferry International in the 1st quarter valued at $324,000. New Vernon Capital Holdings II LLC lifted its holdings in Korn/Ferry International by 11,876.9% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 255,109 shares of the business services provider's stock valued at $17,304,000 after purchasing an additional 252,979 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Korn/Ferry International by 566.9% in the 1st quarter. Millennium Management LLC now owns 124,786 shares of the business services provider's stock valued at $8,464,000 after purchasing an additional 106,076 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn/Ferry International Trading Down 0.4%

Shares of NYSE:KFY traded down $0.29 during midday trading on Friday, reaching $73.16. 1,132,519 shares of the company's stock were exchanged, compared to its average volume of 455,247. The firm's 50 day simple moving average is $73.05 and its two-hundred day simple moving average is $69.26. 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 stock has a market cap of $3.83 billion, a price-to-earnings ratio of 15.53 and a beta of 1.49. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $708.61 million during 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%.The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. As a group, sell-side 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 disclosed 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. 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 dividend payout ratio (DPR) is presently 40.76%.

Korn/Ferry International announced that its Board of Directors has initiated a share repurchase program on Thursday, September 18th that allows the company to buyback $331.40 million in shares. This buyback authorization allows the business services provider to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

KFY has been the topic of a number of research reports. UBS Group decreased their price objective on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Truist Financial raised 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, 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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.