New Age Alpha Advisors LLC Buys New Holdings in Korn Ferry (NYSE:KFY)

New Age Alpha Advisors LLC bought a new position in Korn Ferry (NYSE:KFY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,403 shares of the business services provider’s stock, valued at approximately $162,000.

Other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in shares of Korn Ferry during the 4th quarter worth about $76,000. Smartleaf Asset Management LLC boosted its holdings in Korn Ferry by 230.4% during the fourth 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 in the last quarter. Venturi Wealth Management LLC acquired a new stake in Korn Ferry during the fourth quarter valued at approximately $122,000. KBC Group NV raised its holdings 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 worth $171,000 after buying an additional 1,033 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new position in shares of Korn Ferry during the 3rd quarter worth approximately $203,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research 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 increased their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

Korn Ferry Price Performance

Korn Ferry stock opened at $68.93 on Thursday. The business’s fifty day moving average is $67.37 and its two-hundred day moving average is $70.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $3.56 billion, a P/E ratio of 14.73 and a beta of 1.57. Korn Ferry has a 52 week low of $59.78 and a 52 week high of $80.64.

Korn Ferry (NYSE:KFY) last issued 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. The business had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. Equities research analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, March 27th. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. 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.