Mesirow Institutional Investment Management Inc. Has $13.38 Million Holdings in Korn Ferry (NYSE:KFY)

Mesirow Institutional Investment Management Inc. boosted its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,383 shares of the business services provider's stock after purchasing an additional 16,357 shares during the quarter. Mesirow Institutional Investment Management Inc. owned 0.38% of Korn Ferry worth $13,381,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Korn Ferry by 17.3% during the third quarter. HighTower Advisors LLC now owns 5,430 shares of the business services provider's stock valued at $407,000 after buying an additional 800 shares during the last quarter. MML Investors Services LLC bought a new position in Korn Ferry during the third quarter valued at about $209,000. Barclays PLC raised its holdings in Korn Ferry by 129.0% in the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock valued at $18,053,000 after acquiring an additional 135,148 shares in the last quarter. Cim Investment Management Inc. bought a new stake in shares of Korn Ferry in the 3rd quarter worth approximately $209,000. Finally, Franklin Resources Inc. grew its holdings in shares of Korn Ferry by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 25,133 shares of the business services provider's stock worth $1,824,000 after purchasing an additional 1,663 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

Korn Ferry Price Performance

Shares of KFY stock traded up $1.12 during trading hours on Wednesday, hitting $62.04. The company had a trading volume of 606,349 shares, compared to its average volume of 377,083. 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 has a market capitalization of $3.20 billion, a price-to-earnings ratio of 13.26 and a beta of 1.40. Korn Ferry has a 12 month low of $59.23 and a 12 month high of $80.64. The firm's fifty day moving average is $64.94 and its 200 day moving average is $69.14.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its earnings results 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. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the previous year, the company earned $1.07 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was 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 3.09%. Korn Ferry's dividend payout ratio is 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their target price on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th.

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.