SG Americas Securities LLC Increases Stock Position in Korn/Ferry International $KFY

SG Americas Securities LLC grew its position in shares of Korn/Ferry International (NYSE:KFY) by 110.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,078 shares of the business services provider’s stock after purchasing an additional 4,237 shares during the period. SG Americas Securities LLC’s holdings in Korn/Ferry International were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings 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 buying an additional 849,180 shares in the last quarter. New Vernon Capital Holdings II LLC boosted its position in shares of Korn/Ferry International by 11,876.9% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 255,109 shares of the business services provider’s stock valued at $17,304,000 after acquiring an additional 252,979 shares during the last quarter. Nuveen LLC bought a new position in shares of Korn/Ferry International during the 1st quarter valued at approximately $14,473,000. MetLife Investment Management LLC grew its holdings in shares of Korn/Ferry International by 614.3% in the first quarter. MetLife Investment Management LLC now owns 223,667 shares of the business services provider’s stock valued at $15,171,000 after purchasing an additional 192,355 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Korn/Ferry International by 1,385.2% in the first quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider’s stock worth $13,733,000 after purchasing an additional 188,829 shares during the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn/Ferry International Stock Up 2.8%

Shares of KFY opened at $66.20 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $68.22 and a 200 day moving average of $70.49. The company has a market cap of $3.47 billion, a PE ratio of 14.06 and a beta of 1.49. Korn/Ferry International has a 52-week low of $59.23 and a 52-week high of $80.49.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The business had revenue of $708.61 million for the quarter, compared to analysts’ expectations of $688.72 million. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. On average, sell-side analysts expect 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 repurchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Korn/Ferry International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, September 26th. Korn/Ferry International’s payout ratio is 40.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korn/Ferry International in a research report on Friday, October 31st. The Goldman Sachs Group decreased their target price on shares of Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.67.

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.