Xponance Inc. Has $325,000 Stock Position in Korn Ferry (NYSE:KFY)

Xponance Inc. raised its stake in Korn Ferry (NYSE:KFY) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,820 shares of the business services provider’s stock after acquiring an additional 1,413 shares during the quarter. Xponance Inc.’s holdings in Korn Ferry were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KFY. Arizona State Retirement System grew its stake in shares of Korn Ferry by 1.2% in the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock valued at $1,018,000 after acquiring an additional 176 shares in the last quarter. Savant Capital LLC grew its position in shares of Korn Ferry by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock worth $245,000 after purchasing an additional 249 shares in the last quarter. Heritage Family Offices LLP increased its holdings in shares of Korn Ferry by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock worth $260,000 after purchasing an additional 259 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Korn Ferry by 1.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 343 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Korn Ferry by 3.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider’s stock valued at $861,000 after buying an additional 433 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KFY has been the topic of a number of recent research reports. Truist Financial raised their price objective on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th.

Korn Ferry Trading Up 0.3 %

Shares of KFY stock opened at $68.65 on Friday. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64. The stock’s fifty day moving average price is $67.57 and its two-hundred day moving average price is $70.48. 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 company has a market cap of $3.54 billion, a PE ratio of 14.67 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.06. The business 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%. Korn Ferry’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. Equities analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend payout ratio (DPR) is currently 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.