Clark Capital Management Group Inc. Increases Holdings in Korn Ferry (NYSE:KFY)

Clark Capital Management Group Inc. increased its holdings in shares of Korn Ferry (NYSE:KFYGet Rating) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 362,373 shares of the business services provider’s stock after purchasing an additional 27,972 shares during the period. Clark Capital Management Group Inc. owned 0.67% of Korn Ferry worth $23,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Schroder Investment Management Group acquired a new position in Korn Ferry in the 4th quarter worth $25,000. Steward Partners Investment Advisory LLC lifted its holdings in Korn Ferry by 221.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 642 shares of the business services provider’s stock worth $42,000 after buying an additional 442 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Korn Ferry by 444.1% in the 4th quarter. First Horizon Advisors Inc. now owns 642 shares of the business services provider’s stock worth $49,000 after buying an additional 524 shares in the last quarter. UMB Bank N A MO acquired a new position in Korn Ferry in the 4th quarter worth $53,000. Finally, Van ECK Associates Corp lifted its holdings in Korn Ferry by 16.0% in the 1st quarter. Van ECK Associates Corp now owns 1,359 shares of the business services provider’s stock worth $88,000 after buying an additional 187 shares in the last quarter. 94.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on KFY shares. StockNews.com lowered shares of Korn Ferry from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 10th. Truist Financial cut their target price on shares of Korn Ferry from $98.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, June 17th. The Goldman Sachs Group cut their target price on shares of Korn Ferry from $83.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. Finally, Robert W. Baird cut their target price on shares of Korn Ferry from $72.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday.

Korn Ferry Price Performance

KFY opened at $52.04 on Friday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 8.57 and a beta of 1.41. Korn Ferry has a fifty-two week low of $51.08 and a fifty-two week high of $84.68. The company’s 50-day moving average price is $62.06 and its 200 day moving average price is $61.86. The company has a quick ratio of 1.79, a current ratio of 2.18 and a debt-to-equity ratio of 0.25.

Korn Ferry (NYSE:KFYGet Rating) last released its quarterly earnings data on Wednesday, September 7th. The business services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.01). The business had revenue of $695.90 million for the quarter, compared to analyst estimates of $697.04 million. Korn Ferry had a return on equity of 22.49% and a net margin of 11.92%. Korn Ferry’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. As a group, sell-side analysts expect that Korn Ferry will post 5.99 earnings per share for the current year.

Korn Ferry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.60 annualized dividend and a yield of 1.15%. Korn Ferry’s dividend payout ratio (DPR) is 9.88%.

Korn Ferry Company Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Korn Ferry (NYSE:KFY)

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