Korn/Ferry International $KFY Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC reduced its stake in Korn/Ferry International by 34.2%, now holding approximately 63,492 shares valued at $4.3 million.
• Korn/Ferry reported a net margin of 8.91% and earnings of $1.32 per share for the last quarter, exceeding analysts' expectations.
• The company recently declared a quarterly dividend of $0.48 per share, representing an annualized yield of 2.6% and a payout ratio of 41.56%.

Bridgeway Capital Management LLC decreased its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 34.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,492 shares of the business services provider's stock after selling 33,000 shares during the quarter. Bridgeway Capital Management LLC owned about 0.12% of Korn/Ferry International worth $4,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KFY. CX Institutional purchased a new stake in shares of Korn/Ferry International during the first quarter valued at $39,000. GAMMA Investing LLC raised its stake in Korn/Ferry International by 11.4% in the 1st quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock worth $131,000 after acquiring an additional 199 shares during the last quarter. Edgestream Partners L.P. lifted its position in Korn/Ferry International by 140.1% during the 1st quarter. Edgestream Partners L.P. now owns 91,138 shares of the business services provider's stock worth $6,182,000 after acquiring an additional 53,175 shares during the period. Two Sigma Investments LP purchased a new stake in Korn/Ferry International during the 4th quarter valued at about $1,593,000. Finally, Jane Street Group LLC grew its stake in Korn/Ferry International by 1,385.2% during the 1st quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider's stock valued at $13,733,000 after purchasing an additional 188,829 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn/Ferry International Stock Performance

NYSE:KFY traded up $2.41 during trading hours on Thursday, reaching $75.13. The company had a trading volume of 694,099 shares, compared to its average volume of 376,943. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.21 and a quick ratio of 1.83. Korn/Ferry International has a 1-year low of $59.23 and a 1-year high of $80.64. The business's 50 day moving average price is $73.20 and its 200-day moving average price is $68.92. The firm has a market cap of $3.94 billion, a PE ratio of 15.95 and a beta of 1.49.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.07. The company had revenue of $708.61 million during the quarter, compared to analysts' expectations of $688.72 million. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 earnings per share. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Research analysts forecast that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be issued a $0.48 dividend. 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 is presently 41.56%.

Analyst Upgrades and Downgrades

KFY has been the subject of several research analyst reports. Wall Street Zen cut Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. UBS Group cut their price target on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Finally, Truist Financial raised their price target 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. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Korn/Ferry International has a consensus rating of "Moderate Buy" and an average target price 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.