Vest Financial LLC Has $1.01 Million Stake in Korn/Ferry International $KFY

Key Points

• Vest Financial LLC reduced its stake in Korn/Ferry International by 38.8% during the second quarter, now holding 13,739 shares valued at approximately $1.01 million.
• Korn/Ferry International reported earnings of $1.31 per share, exceeding estimates, while their revenue increased by 4.8% year-on-year to $708.61 million.
• The company has authorized a stock repurchase program worth $331.4 million, indicating management's belief that the stock is undervalued.

Vest Financial LLC trimmed its holdings in Korn/Ferry International (NYSE:KFY - Free Report) by 38.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,739 shares of the business services provider's stock after selling 8,696 shares during the period. Vest Financial LLC's holdings in Korn/Ferry International were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. raised its position in shares of Korn/Ferry International by 89.1% in the first quarter. American Century Companies Inc. now owns 1,802,461 shares of the business services provider's stock valued at $122,261,000 after buying an additional 849,180 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Korn/Ferry International by 7.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,487,048 shares of the business services provider's stock valued at $109,908,000 after buying an additional 98,548 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Korn/Ferry International by 22.3% in the first quarter. Wellington Management Group LLP now owns 932,890 shares of the business services provider's stock valued at $63,278,000 after buying an additional 170,041 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Korn/Ferry International by 3.6% in the first quarter. Victory Capital Management Inc. now owns 920,758 shares of the business services provider's stock valued at $62,455,000 after buying an additional 31,982 shares in the last quarter. Finally, Pzena Investment Management LLC raised its position in shares of Korn/Ferry International by 6.6% in the second quarter. Pzena Investment Management LLC now owns 818,329 shares of the business services provider's stock valued at $60,008,000 after buying an additional 50,371 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn/Ferry International Stock Performance

Shares of Korn/Ferry International stock opened at $69.35 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 14.72 and a beta of 1.47. The company's fifty day moving average is $72.29 and its 200 day moving average is $69.69.

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

Korn/Ferry International announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 18th that allows the company to repurchase $331.40 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Korn/Ferry International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. Korn/Ferry International's payout ratio is currently 40.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KFY shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Korn/Ferry International in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Finally, Truist Financial lifted their price objective 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. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $81.00.

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.

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