Loomis Sayles & Co. L P Acquires 8,058 Shares of Korn Ferry (NYSE:KFY)

Loomis Sayles & Co. L P grew its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 415,488 shares of the business services provider's stock after buying an additional 8,058 shares during the period. Loomis Sayles & Co. L P owned about 0.81% of Korn Ferry worth $28,024,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in Korn Ferry by 1.2% during the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock valued at $1,018,000 after acquiring an additional 176 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Korn Ferry by 7.4% in the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock valued at $245,000 after purchasing an additional 249 shares in the last quarter. Heritage Family Offices LLP increased its holdings in shares of 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 purchasing an additional 259 shares during the period. State of New Jersey Common Pension Fund D lifted its position 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 buying an additional 343 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Korn Ferry by 3.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider's stock valued at $861,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Up 0.9 %

NYSE KFY traded up $0.62 during trading on Tuesday, hitting $68.45. The stock had a trading volume of 60,256 shares, compared to its average volume of 363,558. The company has a market capitalization of $3.53 billion, a PE ratio of 14.61 and a beta of 1.57. Korn Ferry has a 12 month low of $59.78 and a 12 month high of $80.64. The company's 50-day moving average price is $67.46 and its two-hundred day moving average price is $70.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last released 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. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the prior year, the firm posted $1.07 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.81%. Korn Ferry's dividend payout ratio (DPR) is 41.29%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KFY shares. Truist Financial raised their price target 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. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report 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.