By otakuyassine3@gmail.com 
JPMorgan Chase & Co. boosted its position in Korn Ferry (NYSE:KFY – Free Report) by 11.3% during the fourth quarter, Holdings Channel reports. The fund owned 474,042 shares of the business services provider’s stock after acquiring an additional 48,074 shares during the period. JPMorgan Chase & Co.’s holdings in Korn Ferry were worth $31,974,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of Korn Ferry by 1.2% during the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock valued at $1,018,000 after buying an additional 176 shares in the last quarter. Savant Capital LLC raised its stake in shares of Korn Ferry by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock worth $245,000 after acquiring an additional 249 shares in the last quarter. Heritage Family Offices LLP raised its stake 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 acquiring an additional 259 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Korn Ferry by 1.3% in the 4th 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 purchasing an additional 343 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Korn Ferry by 3.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,571 shares of the business services provider’s stock valued at $1,050,000 after purchasing an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th.
View Our Latest Stock Report on Korn Ferry
Korn Ferry Trading Down 2.7 %
Shares of KFY stock opened at $60.63 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Korn Ferry has a 1-year low of $59.78 and a 1-year high of $80.64. The business has a 50-day moving average of $66.87 and a 200 day moving average of $70.18. The stock has a market capitalization of $3.13 billion, a PE ratio of 12.95 and a beta of 1.40.
Korn Ferry (NYSE:KFY – Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current year.
Korn Ferry Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.48 per share. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, March 27th. Korn Ferry’s dividend payout ratio is currently 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.
Further Reading
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