Korn Ferry (NYSE:KFY) Shares Bought by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. boosted its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,383 shares of the business services provider's stock after buying an additional 16,357 shares during the quarter. Mesirow Institutional Investment Management Inc. owned about 0.38% of Korn Ferry worth $13,381,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KFY. Wealthfront Advisers LLC acquired a new position in shares of Korn Ferry in the 4th quarter worth approximately $76,000. Smartleaf Asset Management LLC raised its holdings in shares of Korn Ferry by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after purchasing an additional 963 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after purchasing an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Korn Ferry in the 4th quarter valued at $122,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $162,000. 98.82% of the stock is owned by institutional investors.

Korn Ferry Price Performance

NYSE:KFY traded down $1.18 during trading hours on Friday, hitting $61.09. 215,306 shares of the company's stock traded hands, compared to its average volume of 377,482. The business's fifty day simple moving average is $64.85 and its two-hundred day simple moving average is $69.07. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.15 billion, a P/E ratio of 13.05 and a beta of 1.40. Korn Ferry has a 52 week low of $59.23 and a 52 week high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same period last year, the company earned $1.07 EPS. Korn Ferry's revenue for the quarter was down .1% compared to the same quarter last year. On average, research 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 was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.15%. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's payout ratio is 41.29%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their target price on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 15th.

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.