Royce & Associates LP Grows Stock Position in Korn Ferry (NYSE:KFY)

Royce & Associates LP grew its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 approximately 1.64% of Korn Ferry worth $57,076,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. acquired a new position in Korn Ferry during the third quarter worth about $103,546,000. JPMorgan Chase & Co. boosted its stake 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 worth $32,050,000 after acquiring an additional 281,024 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Korn Ferry in the 4th quarter worth approximately $10,727,000. Barclays PLC increased its stake 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 purchasing an additional 135,148 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Korn Ferry by 13.2% during the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider's stock worth $74,337,000 after purchasing an additional 115,523 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Price Performance

Korn Ferry stock traded down $0.95 during mid-day trading on Thursday, hitting $66.89. 430,145 shares of the company were exchanged, compared to its average volume of 333,290. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Korn Ferry has a 12-month low of $59.78 and a 12-month high of $80.64. The business's 50 day simple moving average is $67.56 and its two-hundred day simple moving average is $70.58. The company has a market capitalization of $3.45 billion, a P/E ratio of 14.29 and a beta of 1.57.

Remove Ads

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share 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 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 firm's revenue for the quarter was down .1% on a year-over-year basis. Analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently disclosed 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. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 2.87%. Korn Ferry's dividend payout ratio is presently 41.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KFY. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial raised their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a report on Friday, December 6th.

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.