William Blair Investment Management LLC Acquires 11,634 Shares of Korn Ferry (NYSE:KFY)

William Blair Investment Management LLC grew its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 476,624 shares of the business services provider's stock after acquiring an additional 11,634 shares during the period. William Blair Investment Management LLC owned 0.92% of Korn Ferry worth $32,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KFY. State Street Corp boosted its holdings in Korn Ferry by 2.0% in the third quarter. State Street Corp now owns 2,069,906 shares of the business services provider's stock worth $156,503,000 after purchasing an additional 40,240 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Korn Ferry during the third quarter valued at about $103,546,000. Geode Capital Management LLC boosted its holdings 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 valued at $91,587,000 after acquiring an additional 28,014 shares during the period. Jennison Associates LLC boosted its holdings in Korn Ferry by 8.1% during the fourth quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider's stock valued at $72,024,000 after acquiring an additional 79,808 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Korn Ferry by 11.5% during the fourth quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider's stock valued at $59,948,000 after acquiring an additional 91,461 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on KFY. Truist Financial upped 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 raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th.

Korn Ferry Price Performance

Korn Ferry stock traded down $0.51 during trading hours on Friday, hitting $66.37. 2,455,867 shares of the stock were exchanged, compared to its average volume of 340,282. 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 stock has a market capitalization of $3.42 billion, a P/E ratio of 14.18 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 business's 50-day moving average is $67.60 and its two-hundred day moving average is $70.51.

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, topping 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 for the quarter, compared to analysts' expectations of $650.45 million. During the same period in the prior year, the firm earned $1.07 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect 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. Shareholders of record on Thursday, March 27th will be paid a $0.48 dividend. The ex-dividend date is Thursday, March 27th. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a yield of 2.89%. Korn Ferry's dividend payout ratio (DPR) is presently 41.29%.

Korn Ferry 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.