First Horizon Advisors Inc. increased its position in Korn Ferry (NYSE:KFY – Get Rating) by 444.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642 shares of the business services provider’s stock after purchasing an additional 524 shares during the period. First Horizon Advisors Inc.’s holdings in Korn Ferry were worth $49,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Liberty Wealth Management LLC boosted its stake in Korn Ferry by 100.0% in the 3rd quarter. Liberty Wealth Management LLC now owns 364 shares of the business services provider’s stock worth $28,000 after purchasing an additional 182 shares in the last quarter. HM Payson & Co. purchased a new position in Korn Ferry in the 3rd quarter worth about $36,000. O Shaughnessy Asset Management LLC raised its position in Korn Ferry by 30.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 686 shares of the business services provider’s stock worth $50,000 after buying an additional 159 shares during the last quarter. UMB Bank N A MO purchased a new position in Korn Ferry in the 4th quarter worth about $53,000. Finally, Van ECK Associates Corp purchased a new position in Korn Ferry in the 4th quarter worth about $89,000. Institutional investors own 95.75% of the company’s stock.
A number of equities analysts have weighed in on KFY shares. Zacks Investment Research lowered Korn Ferry from a “buy” rating to a “hold” rating in a research report on Wednesday. StockNews.com raised Korn Ferry from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Robert W. Baird decreased their target price on Korn Ferry from $106.00 to $90.00 in a research report on Thursday, March 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Korn Ferry has an average rating of “Buy” and an average price target of $77.75.
Korn Ferry (NYSE:KFY – Get Rating) last released its quarterly earnings results on Wednesday, March 9th. The business services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.48 by $0.11. Korn Ferry had a net margin of 12.16% and a return on equity of 21.47%. The firm had revenue of $685.00 million during the quarter, compared to analyst estimates of $650.42 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 43.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Korn Ferry will post 6.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Monday, March 28th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, March 25th. Korn Ferry’s dividend payout ratio is 8.73%.
About Korn Ferry (Get Rating)
Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.
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