Korn Ferry (NYSE:KFY) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in Korn Ferry (NYSE:KFY) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,300 shares of the business services provider’s stock after purchasing an additional 1,100 shares during the quarter. Swiss National Bank owned 0.20% of Korn Ferry worth $6,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after buying an additional 281,024 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Korn Ferry in the 4th quarter valued at approximately $10,727,000. Barclays PLC boosted 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 worth $18,053,000 after purchasing an additional 135,148 shares during the period. Allianz Asset Management GmbH grew its position in Korn Ferry by 14.2% during the 4th quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider’s stock worth $50,818,000 after purchasing an additional 93,591 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Korn Ferry by 11.5% during the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider’s stock valued at $59,948,000 after purchasing an additional 91,461 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

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 report on Tuesday, December 17th. Truist Financial upped their target price on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Korn Ferry Trading Down 0.8 %

NYSE KFY opened at $66.37 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 1-year low of $59.78 and a 1-year high of $80.64. The firm’s fifty day simple moving average is $67.60 and its 200-day simple moving average is $70.50. The company has a market capitalization of $3.42 billion, a PE ratio of 14.18 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last issued its earnings results 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. The company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. As a group, sell-side analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently announced 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 payout ratio is 41.29%.

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.