Royce & Associates LP Purchases 30,959 Shares of Korn Ferry (NYSE:KFY)

Royce & Associates LP lifted its position in shares of Korn Ferry (NYSE:KFY) by 3.8% in the fourth quarter, HoldingsChannel reports. The fund owned 846,195 shares of the business services provider’s stock after buying an additional 30,959 shares during the period. Royce & Associates LP’s holdings in Korn Ferry were worth $57,076,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Picton Mahoney Asset Management grew its stake in shares of Korn Ferry by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 7,518 shares of the business services provider’s stock worth $507,000 after purchasing an additional 2,429 shares during the period. Vestcor Inc grew its stake in shares of Korn Ferry by 34.5% during the fourth quarter. Vestcor Inc now owns 24,869 shares of the business services provider’s stock worth $1,677,000 after purchasing an additional 6,382 shares during the period. Swiss National Bank grew its stake in shares of Korn Ferry by 1.1% during the fourth quarter. Swiss National Bank now owns 102,300 shares of the business services provider’s stock worth $6,900,000 after purchasing an additional 1,100 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Korn Ferry by 13.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,933 shares of the business services provider’s stock worth $872,000 after purchasing an additional 1,490 shares during the period. 98.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KFY. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial boosted their target price on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, December 6th.

Korn Ferry Stock Up 1.4 %

NYSE:KFY opened at $67.39 on Friday. Korn Ferry has a 1 year low of $59.78 and a 1 year high of $80.64. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 14.40 and a beta of 1.57. The stock has a 50-day moving average price of $67.50 and a two-hundred day moving average price of $70.68.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 earnings per share. As a group, equities analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, March 27th. Korn Ferry’s payout ratio is 41.29%.

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.