Victory Capital Management Inc. Raises Position in Korn Ferry (NYSE:KFY)

Victory Capital Management Inc. increased its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 1,069.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 569,154 shares of the business services provider's stock after purchasing an additional 520,486 shares during the period. Victory Capital Management Inc. owned approximately 1.08% of Korn Ferry worth $33,779,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Korn Ferry in the fourth quarter valued at approximately $45,000. DekaBank Deutsche Girozentrale acquired a new stake in Korn Ferry in the third quarter valued at approximately $52,000. Nisa Investment Advisors LLC grew its stake in Korn Ferry by 13.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider's stock valued at $151,000 after acquiring an additional 301 shares during the period. Strs Ohio grew its stake in Korn Ferry by 300.0% in the third quarter. Strs Ohio now owns 4,000 shares of the business services provider's stock valued at $189,000 after acquiring an additional 3,000 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in Korn Ferry in the third quarter valued at approximately $242,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KFY shares. Robert W. Baird raised their price objective on Korn Ferry from $62.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. StockNews.com raised Korn Ferry from a "hold" rating to a "buy" rating in a research report on Wednesday, March 13th. UBS Group lifted their target price on Korn Ferry from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Truist Financial lifted their target price on Korn Ferry from $64.00 to $74.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Finally, William Blair raised Korn Ferry from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.00.

Korn Ferry Stock Performance

Korn Ferry stock traded down $0.80 during mid-day trading on Tuesday, reaching $62.95. 555,111 shares of the company's stock were exchanged, compared to its average volume of 359,238. The business's fifty day simple moving average is $63.27 and its 200 day simple moving average is $57.65. The firm has a market capitalization of $3.31 billion, a PE ratio of 22.06 and a beta of 1.47. Korn Ferry has a one year low of $44.45 and a one year high of $69.69. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The business services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.08. The business had revenue of $676.80 million for the quarter, compared to analyst estimates of $657.91 million. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. Korn Ferry's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. On average, sell-side analysts expect that Korn Ferry will post 4.17 earnings per share for the current year.

Korn Ferry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.32 annualized dividend and a dividend yield of 2.10%. Korn Ferry's payout ratio is presently 45.67%.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, Director Jerry Leamon sold 10,000 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.80, for a total value of $658,000.00. Following the sale, the director now directly owns 16,802 shares in the company, valued at $1,105,571.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

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.