Vanguard Group Inc. Cuts Stake in Korn/Ferry International $KFY

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

Other institutional investors have also modified their holdings of the company. CX Institutional acquired a new stake in shares of Korn/Ferry International in the first quarter valued at about $39,000. GAMMA Investing LLC grew its position in shares of Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock valued at $131,000 after purchasing an additional 199 shares during the period. Edgestream Partners L.P. boosted its position in Korn/Ferry International by 140.1% during the first 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 last quarter. Two Sigma Investments LP acquired a new position in Korn/Ferry International during the fourth quarter worth about $1,593,000. Finally, Principal Financial Group Inc. boosted its position in Korn/Ferry International by 1.8% during the first quarter. Principal Financial Group Inc. now owns 284,607 shares of the business services provider's stock worth $19,305,000 after acquiring an additional 5,128 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KFY. Wall Street Zen lowered shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. UBS Group decreased their target price 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 boosted their target price 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. One 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 currently has a consensus rating of "Moderate Buy" and an average price target of $81.00.

Korn/Ferry International Stock Up 0.5%

Shares of NYSE:KFY traded up $0.3320 during trading hours on Tuesday, reaching $73.5120. The stock had a trading volume of 80,696 shares, compared to its average volume of 420,641. Korn/Ferry International has a 1 year low of $59.23 and a 1 year high of $80.64. The firm's 50 day moving average is $72.19 and its 200-day moving average is $68.08. 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 $3.85 billion, a price-to-earnings ratio of 15.90 and a beta of 1.47.

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

Korn/Ferry International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid 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 yield of 2.6%. Korn/Ferry International's dividend payout ratio is currently 41.56%.

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.