Vestcor Inc Buys 6,382 Shares of Korn Ferry (NYSE:KFY)

by · The Cerbat Gem

Vestcor Inc increased its stake in Korn Ferry (NYSE:KFY – Free Report) by 34.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,869 shares of the business services provider’s stock after purchasing an additional 6,382 shares during the quarter. Vestcor Inc’s holdings in Korn Ferry were worth $1,677,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wealthfront Advisers LLC bought a new stake in Korn Ferry during the 4th quarter valued at $76,000. Smartleaf Asset Management LLC raised its holdings in Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 963 shares during the period. Venturi Wealth Management LLC bought a new stake in Korn Ferry during the 4th quarter valued at $122,000. KBC Group NV raised its holdings in Korn Ferry by 68.5% during the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 1,033 shares during the period. Finally, Glenmede Trust Co. NA bought a new stake in Korn Ferry during the 3rd quarter valued at $203,000. Institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KFY shares. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial upped their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th.

Get Our Latest Stock Report on KFY

Korn Ferry Trading Up 1.4 %

Korn Ferry stock opened at $67.39 on Friday. The stock has a market cap of $3.48 billion, a P/E ratio of 14.40 and a beta of 1.57. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64. The firm’s fifty day moving average price is $67.50 and its 200-day moving average price is $70.69. 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 – Get Free Report) last announced its 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. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. During the same period in the previous year, the business earned $1.07 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. 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 announced 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. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.85%. Korn Ferry’s payout ratio is 31.62%.

Korn Ferry Company Profile

(Free Report)

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.

Further Reading

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