MetLife Investment Management LLC Buys 192,355 Shares of Korn/Ferry International $KFY

Key Points

• MetLife Investment Management LLC increased its holdings in Korn/Ferry International by 614.3%, acquiring an additional 192,355 shares to total 223,667 shares worth approximately $15.17 million.
• Korn/Ferry reported a quarterly EPS of $1.32, exceeding expectations of $1.26, alongside a 3.1% year-over-year revenue growth of $712.05 million.
• The company announced a quarterly dividend of $0.48 per share, representing an annualized dividend yield of 2.5%.

MetLife Investment Management LLC increased its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 614.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,667 shares of the business services provider's stock after purchasing an additional 192,355 shares during the period. MetLife Investment Management LLC owned approximately 0.43% of Korn/Ferry International worth $15,171,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KFY. American Century Companies Inc. grew its stake in shares of Korn/Ferry International by 89.1% during the first 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 during the period. Wellington Management Group LLP acquired a new stake in shares of Korn/Ferry International during the fourth quarter worth $51,454,000. Tidal Investments LLC grew its stake in shares of Korn/Ferry International by 5,931.0% during the fourth quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after purchasing an additional 346,193 shares during the period. Artemis Investment Management LLP lifted its holdings in Korn/Ferry International by 64.7% during the first quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider's stock worth $42,090,000 after acquiring an additional 243,759 shares in the last quarter. Finally, Nuveen LLC bought a new position in Korn/Ferry International during the first quarter worth about $14,473,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KFY has been the topic of several recent analyst reports. UBS Group reduced their target price 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. Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. Finally, Truist Financial lifted their target price on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Friday, June 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.00.

Korn/Ferry International Stock Down 0.9%

Shares of NYSE:KFY traded down $0.67 during midday trading on Friday, reaching $74.20. The company had a trading volume of 335,573 shares, compared to its average volume of 273,767. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The business's 50 day moving average price is $73.18 and its 200 day moving average price is $68.48. The stock has a market cap of $3.88 billion, a PE ratio of 16.06 and a beta of 1.49. Korn/Ferry International has a 1-year low of $59.23 and a 1-year high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.06. The business had revenue of $712.05 million for the quarter, compared to the consensus estimate of $690.07 million. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.Korn/Ferry International's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. Research analysts forecast that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were issued 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 was Thursday, July 3rd. Korn/Ferry International's 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.