Korn/Ferry International $KFY Shares Purchased 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 increased its stake in Korn/Ferry International (NYSE:KFY - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KFY. American Century Companies Inc. raised its position 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 valued at $122,261,000 after purchasing an additional 849,180 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Korn/Ferry International during the 1st quarter valued at $479,000. Cookson Peirce & Co. Inc. boosted its stake in Korn/Ferry International by 13.9% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 8,125 shares of the business services provider's stock valued at $551,000 after purchasing an additional 991 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Korn/Ferry International by 6.4% during the 1st quarter. Neuberger Berman Group LLC now owns 32,338 shares of the business services provider's stock valued at $2,193,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Korn/Ferry International in the 1st quarter worth $62,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn/Ferry International Price Performance

KFY stock traded down $0.15 during trading on Thursday, hitting $74.94. The stock had a trading volume of 72,912 shares, compared to its average volume of 415,037. The stock has a market capitalization of $3.92 billion, a P/E ratio of 16.20 and a beta of 1.47. The company's 50-day moving average price is $73.03 and its two-hundred day moving average price is $68.36. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.83.

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

Korn/Ferry International Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend 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 is currently 41.56%.

Analyst Ratings Changes

A number of brokerages recently commented on KFY. Truist Financial raised 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. 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. Finally, Wall Street Zen lowered Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Korn/Ferry International has an average rating of "Moderate Buy" and a consensus 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.