Korn Ferry (NYSE:KFY) Stock Position Raised by Royce & Associates LP

Royce & Associates LP raised its position in shares of Korn Ferry (NYSE:KFY) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,195 shares of the business services provider’s stock after purchasing an additional 30,959 shares during the period. Royce & Associates LP owned 1.64% of Korn Ferry worth $57,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KFY. JPMorgan Chase & Co. increased its holdings in shares of Korn Ferry by 193.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after acquiring an additional 281,024 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Korn Ferry by 7.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider’s stock valued at $71,431,000 after acquiring an additional 62,385 shares during the last quarter. Vestcor Inc increased its holdings in shares of Korn Ferry by 323.7% during the 3rd quarter. Vestcor Inc now owns 18,487 shares of the business services provider’s stock valued at $1,391,000 after acquiring an additional 14,124 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in shares of Korn Ferry by 21.9% during the 3rd quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider’s stock valued at $5,455,000 after acquiring an additional 13,017 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Korn Ferry during the 3rd quarter valued at about $103,546,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on KFY. Truist Financial increased their price objective on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th.

Korn Ferry Price Performance

Korn Ferry stock opened at $67.39 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $3.48 billion, a PE ratio of 14.40 and a beta of 1.57. Korn Ferry has a one year low of $59.78 and a one year high of $80.64. The business has a 50 day simple moving average of $67.50 and a 200 day simple moving average of $70.68.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the previous year, the company posted $1.07 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is presently 41.29%.

Korn Ferry 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.