Voya Investment Management LLC Buys 4,237 Shares of Korn/Ferry International $KFY

Key Points

• Voya Investment Management LLC increased its stake in Korn/Ferry International by 16.7%, holding approximately 29,618 shares valued at $2,009,000 by the end of the quarter.
• Korn/Ferry announced a quarterly dividend of $0.48 per share, representing an annualized dividend of $1.92 with a yield of 2.6%.
• Despite recent positive earnings, with $1.31 EPS exceeding estimates, analysts have mixed ratings on the stock, with an average consensus target price of $81.00.

Voya Investment Management LLC raised its holdings in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 16.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,618 shares of the business services provider's stock after purchasing an additional 4,237 shares during the quarter. Voya Investment Management LLC owned 0.06% of Korn/Ferry International worth $2,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its position 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 purchasing an additional 223 shares during the period. CX Institutional acquired a new position in shares of Korn/Ferry International in the 1st quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd bought a new stake in Korn/Ferry International during the 1st quarter worth approximately $62,000. Quarry LP boosted its position in Korn/Ferry International by 193.6% in the 1st quarter. Quarry LP now owns 1,518 shares of the business services provider's stock valued at $103,000 after buying an additional 1,001 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Korn/Ferry International in the 1st quarter worth $105,000. Institutional investors own 98.82% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on KFY. UBS Group dropped their price target on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. 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 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 report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Korn/Ferry International has an average rating of "Moderate Buy" and a consensus price target of $81.00.

Korn/Ferry International Stock Performance

KFY traded down $0.09 on Monday, hitting $72.99. The company's stock had a trading volume of 370,796 shares, compared to its average volume of 489,258. The company's 50 day simple moving average is $73.03 and its 200-day simple moving average is $69.37. The company has a quick ratio of 2.21, a current 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. The firm has a market cap of $3.82 billion, a P/E ratio of 15.50 and a beta of 1.49.

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 EPS for the quarter, beating the consensus estimate 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 net margin of 8.95% and a return on equity of 14.55%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Analysts forecast that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International declared that its board has initiated a share repurchase plan on Thursday, September 18th that permits the company to repurchase $331.40 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Korn/Ferry International Dividend Announcement

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