Blair William & Co. IL Increases Stock Position in Korn Ferry (NYSE:KFY)

Blair William & Co. IL increased its stake in shares of Korn Ferry (NYSE:KFY) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,893 shares of the business services provider’s stock after purchasing an additional 473 shares during the period. Blair William & Co. IL owned approximately 0.47% of Korn Ferry worth $16,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new position in shares of Korn Ferry during the 4th quarter valued at $76,000. Smartleaf Asset Management LLC increased its position in Korn Ferry by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 963 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Korn Ferry in the fourth quarter valued at about $122,000. KBC Group NV boosted its position in Korn Ferry by 68.5% in the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in shares of Korn Ferry during the 3rd quarter valued at about $203,000. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Trading Down 1.0 %

Shares of Korn Ferry stock opened at $68.04 on Friday. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week 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 company has a market capitalization of $3.51 billion, a P/E ratio of 14.54 and a beta of 1.57. The company has a fifty day moving average of $67.52 and a 200 day moving average of $70.47.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The business 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 business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. On average, sell-side analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a yield of 2.82%. Korn Ferry’s dividend payout ratio is presently 41.29%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KFY. Truist Financial raised their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th.

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.