Victory Capital Management Inc. Grows Holdings in Korn Ferry (NYSE:KFY)

Victory Capital Management Inc. boosted its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 888,776 shares of the business services provider's stock after acquiring an additional 91,461 shares during the quarter. Victory Capital Management Inc. owned 1.72% of Korn Ferry worth $59,948,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Savant Capital LLC increased its position in shares of Korn Ferry by 7.4% during the 4th 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 during the last quarter. Heritage Family Offices LLP increased its holdings in Korn Ferry by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock valued at $260,000 after buying an additional 259 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Korn Ferry by 6.4% in the third quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider's stock worth $370,000 after acquiring an additional 294 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Korn Ferry by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,343 shares of the business services provider's stock worth $402,000 after acquiring an additional 299 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Korn Ferry by 1.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider's stock valued at $1,874,000 after acquiring an additional 343 shares during the period. Institutional investors own 98.82% of the company's stock.

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Analysts Set New Price Targets

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

Insider Buying and Selling

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of Korn Ferry stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the transaction, the chief executive officer now directly owns 68,869 shares of the company's stock, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

Korn Ferry Price Performance

Shares of NYSE:KFY traded up $4.91 during trading on Tuesday, hitting $67.43. 951,137 shares of the company's stock were exchanged, compared to its average volume of 342,003. The business's 50-day simple moving average is $67.53 and its 200 day simple moving average is $70.81. 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 52-week low of $59.78 and a 52-week high of $80.64. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 14.41 and a beta of 1.57.

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

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.85%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry's payout ratio is 31.62%.

About Korn Ferry

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.