Bridgeway Capital Management LLC Cuts Stock Position in Korn/Ferry International $KFY

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 lowered its position in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,492 shares of the business services provider's stock after selling 33,000 shares during the period. Bridgeway Capital Management LLC owned approximately 0.12% of Korn/Ferry International worth $4,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KFY. American Century Companies Inc. increased its holdings 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 worth $122,261,000 after purchasing an additional 849,180 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Korn/Ferry International by 4.7% during the first 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 buying an additional 62,779 shares during the last quarter. Wellington Management Group LLP increased its holdings in 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 worth $63,278,000 after buying an additional 170,041 shares in the last quarter. Victory Capital Management Inc. raised its position in 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 worth $62,455,000 after buying an additional 31,982 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Korn/Ferry International by 1.1% during the 1st quarter. Ameriprise Financial Inc. now owns 721,026 shares of the business services provider's stock valued at $48,910,000 after acquiring an additional 8,100 shares during the period. 98.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th. UBS Group decreased their target price on shares of 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Korn/Ferry International currently has an average rating of "Moderate Buy" and a consensus price target of $81.00.

Korn/Ferry International Stock Performance

Shares of Korn/Ferry International stock traded up $0.55 on Tuesday, hitting $73.06. 850,111 shares of the company's stock were exchanged, compared to its average volume of 419,823. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $80.64. The company has a 50-day simple moving average of $73.22 and a 200-day simple moving average of $68.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $3.82 billion, a PE ratio of 15.81 and a beta of 1.49.

Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its earnings results on Tuesday, September 9th. The business services provider reported $1.31 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 analysts' expectations of $688.72 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.Korn/Ferry International's revenue for the quarter 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. As a group, equities analysts anticipate that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The company also recently announced 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. This represents a $1.92 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, September 26th. Korn/Ferry International's dividend payout ratio is currently 41.56%.

Korn/Ferry International 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.