American Century Companies Inc. Cuts Position in Korn Ferry (NYSE:KFY)

American Century Companies Inc. lessened its stake in Korn Ferry (NYSE:KFY - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 953,281 shares of the business services provider's stock after selling 76,147 shares during the quarter. American Century Companies Inc. owned about 1.85% of Korn Ferry worth $64,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KFY. State Street Corp raised its holdings in shares of Korn Ferry by 2.0% during the 3rd quarter. State Street Corp now owns 2,069,906 shares of the business services provider's stock worth $156,503,000 after acquiring an additional 40,240 shares during the period. Geode Capital Management LLC raised its stake in Korn Ferry by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,217,031 shares of the business services provider's stock worth $91,587,000 after purchasing an additional 28,014 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock valued at $76,458,000 after purchasing an additional 184,170 shares during the last quarter. Jennison Associates LLC boosted its holdings in Korn Ferry by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider's stock valued at $72,024,000 after purchasing an additional 79,808 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Korn Ferry by 11.5% during the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider's stock worth $59,948,000 after buying an additional 91,461 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on KFY shares. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial increased their price target on Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, December 6th.

Korn Ferry Trading Down 1.0 %

NYSE KFY traded down $0.66 on Friday, reaching $68.04. The stock had a trading volume of 428,732 shares, compared to its average volume of 364,658. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $67.52 and a two-hundred day moving average price of $70.48. Korn Ferry has a 12-month low of $59.78 and a 12-month high of $80.64. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.54 and a beta of 1.57.

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

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's payout ratio is 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.