Vestcor Inc Has $1.68 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Vestcor Inc increased its position in Korn Ferry (NYSE:KFY) by 34.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,869 shares of the business services provider’s stock after buying an additional 6,382 shares during the period. Vestcor Inc’s holdings in Korn Ferry were worth $1,677,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in shares of Korn Ferry in the 4th quarter valued at about $76,000. Smartleaf Asset Management LLC grew its stake 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 buying an additional 963 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Korn Ferry in the 4th quarter valued at about $122,000. KBC Group NV grew its stake in shares of Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,033 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in shares of Korn Ferry in the 4th quarter valued at about $201,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial lifted their price target 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 Price Performance

KFY stock opened at $67.39 on Friday. Korn Ferry has a 52-week low of $59.78 and a 52-week high of $80.64. The business has a 50-day simple moving average of $67.50 and a two-hundred day simple moving average of $70.69. The company has a market capitalization of $3.48 billion, a P/E ratio of 14.40 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY) last announced its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s revenue was down .1% compared to the same quarter last year. Research analysts expect that Korn Ferry will post 4.75 EPS 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. Stockholders of record on Thursday, March 27th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, March 27th. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is presently 31.62%.

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.