Korn Ferry (NYSE:KFY) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its stake in shares of Korn Ferry (NYSE:KFY) by 47.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,518 shares of the business services provider’s stock after purchasing an additional 2,429 shares during the period. Picton Mahoney Asset Management’s holdings in Korn Ferry were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System raised its position in shares of Korn Ferry by 1.2% in the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock valued at $1,018,000 after buying an additional 176 shares during the last quarter. Savant Capital LLC grew its stake in Korn Ferry by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 249 shares in the last quarter. Heritage Family Offices LLP raised its holdings in Korn Ferry by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock valued at $260,000 after acquiring an additional 259 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Korn Ferry by 1.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider’s stock worth $1,874,000 after purchasing an additional 343 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Korn Ferry by 3.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider’s stock worth $861,000 after purchasing an additional 433 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KFY has been the subject of several recent research reports. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial raised their target price on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th.

Korn Ferry Stock Up 1.4 %

KFY stock opened at $67.39 on Monday. The firm has a market cap 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 company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s 50 day moving average price is $67.50 and its 200-day moving average price is $70.67.

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

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend payout ratio (DPR) is 41.29%.

About Korn Ferry

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.