Korn/Ferry International $KFY Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Korn/Ferry International by 22.3%, acquiring an additional 170,041 shares to own 932,890 shares worth approximately $63.28 million.
• Korn/Ferry International reported earnings of $1.32 per share, beating estimates and showing a 3.1% revenue increase year-over-year, with quarterly revenue at $712.05 million.
• The company announced a quarterly dividend of $0.48, leading to an annualized yield of 2.5% and a payout ratio of 41.56%.

Wellington Management Group LLP grew its position in Korn/Ferry International (NYSE:KFY - Free Report) by 22.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 932,890 shares of the business services provider's stock after purchasing an additional 170,041 shares during the quarter. Wellington Management Group LLP owned about 1.81% of Korn/Ferry International worth $63,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KFY. American Century Companies Inc. grew its stake in Korn/Ferry International by 89.1% during 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 buying an additional 849,180 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Korn/Ferry International in the first quarter worth about $479,000. Cookson Peirce & Co. Inc. grew its stake in shares of Korn/Ferry International by 13.9% during the first quarter. Cookson Peirce & Co. Inc. now owns 8,125 shares of the business services provider's stock worth $551,000 after acquiring an additional 991 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Korn/Ferry International by 6.4% during the first quarter. Neuberger Berman Group LLC now owns 32,338 shares of the business services provider's stock valued at $2,193,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Korn/Ferry International in the 1st quarter valued at approximately $62,000. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn/Ferry International Price Performance

KFY stock traded down $0.2360 during midday trading on Monday, reaching $76.2240. The stock had a trading volume of 361,931 shares, compared to its average volume of 258,889. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 16.50 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. The company's fifty day simple moving average is $72.79 and its 200 day simple moving average is $68.27.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.26 by $0.06. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.The business had revenue of $712.05 million for the quarter, compared to analyst estimates of $690.07 million. During the same quarter in the previous year, the firm earned $1.26 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. Korn/Ferry International has set its Q1 2026 guidance at 1.180-1.260 EPS. As a group, sell-side analysts predict that Korn/Ferry International will post 4.75 earnings per share for the current fiscal 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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 3rd. Korn/Ferry International's dividend payout ratio (DPR) is currently 41.56%.

Analyst Ratings Changes

KFY has been the subject of several research reports. Truist Financial lifted their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Wall Street Zen cut shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. Finally, UBS Group decreased their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

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.