Korn/Ferry International $KFY Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stock position in Korn/Ferry International by 2.7%, now holding approximately 11.90% of the company, valued at $416.4 million.
• Several institutional investors, including Wellington Management and Tidal Investments LLC, have significantly increased their stakes in Korn/Ferry International, indicating growing interest in the company.
• Korn/Ferry reported a quarterly earnings per share of $1.32, which exceeded analysts' estimates and showed a 3.1% increase in revenue year-over-year.

Vanguard Group Inc. lessened its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,139,119 shares of the business services provider's stock after selling 169,987 shares during the period. Vanguard Group Inc. owned 11.90% of Korn/Ferry International worth $416,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KFY. Wellington Management Group LLP purchased a new position in Korn/Ferry International in the 4th quarter valued at about $51,454,000. Tidal Investments LLC lifted its stake in Korn/Ferry International by 5,931.0% in the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock valued at $23,744,000 after buying an additional 346,193 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Korn/Ferry International by 64.7% in the 1st quarter. Artemis Investment Management LLP now owns 620,521 shares of the business services provider's stock valued at $42,090,000 after buying an additional 243,759 shares in the last quarter. GAMMA Investing LLC lifted its stake in Korn/Ferry International by 7,459.7% in the 1st quarter. GAMMA Investing LLC now owns 131,387 shares of the business services provider's stock valued at $8,912,000 after buying an additional 129,649 shares in the last quarter. Finally, Ruffer LLP purchased a new position in Korn/Ferry International in the 1st quarter valued at about $6,734,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KFY. UBS Group decreased 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 research note on Tuesday, May 27th. Truist Financial raised their price target on shares of 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 lowered shares of 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 company's stock. According to MarketBeat.com, Korn/Ferry International has an average rating of "Moderate Buy" and an average target price of $81.00.

Korn/Ferry International Price Performance

KFY stock traded down $0.6540 during mid-day trading on Wednesday, reaching $73.0760. The company's stock had a trading volume of 207,484 shares, compared to its average volume of 261,762. The stock has a market cap of $3.82 billion, a PE ratio of 15.82 and a beta of 1.47. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The company's 50 day moving average is $72.33 and its two-hundred day moving average is $68.15.

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

Korn/Ferry International Announces Dividend

The company also recently declared 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. The ex-dividend date was Thursday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Korn/Ferry International's dividend payout ratio (DPR) is currently 41.56%.

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.