Allianz Asset Management GmbH Raises Stock Holdings in Korn/Ferry International $KFY

Allianz Asset Management GmbH increased its position in Korn/Ferry International (NYSE:KFY) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,500 shares of the business services provider’s stock after buying an additional 32,127 shares during the quarter. Allianz Asset Management GmbH owned 0.62% of Korn/Ferry International worth $23,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KFY. Caitong International Asset Management Co. Ltd purchased a new position in shares of Korn/Ferry International in the first quarter worth $62,000. CX Institutional increased its stake in shares of Korn/Ferry International by 45.4% in the second quarter. CX Institutional now owns 839 shares of the business services provider’s stock worth $62,000 after buying an additional 262 shares during the period. Blue Trust Inc. increased its stake in shares of Korn/Ferry International by 21.1% in the second quarter. Blue Trust Inc. now owns 937 shares of the business services provider’s stock worth $69,000 after buying an additional 163 shares during the period. Quarry LP increased its stake in shares of Korn/Ferry International by 193.6% in the first quarter. Quarry LP now owns 1,518 shares of the business services provider’s stock worth $103,000 after buying an additional 1,001 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Korn/Ferry International in the first quarter worth $105,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Korn/Ferry International in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Korn/Ferry International has an average rating of “Moderate Buy” and an average price target of $81.00.

Korn/Ferry International Stock Up 0.1%

NYSE:KFY opened at $68.32 on Monday. The firm’s 50-day moving average price is $72.19 and its 200-day moving average price is $69.74. The company has a market capitalization of $3.58 billion, a PE ratio of 14.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.21 and a quick ratio of 2.21. Korn/Ferry International has a 1-year low of $59.23 and a 1-year high of $80.64.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $708.61 million for the quarter, compared to the consensus estimate of $688.72 million. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. On average, equities analysts predict that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Dividend Announcement

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

Korn/Ferry International announced that its board has authorized a share buyback 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 repurchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.