State of New Jersey Common Pension Fund D Has $2.54 Million Stock Holdings in Korn Ferry (NYSE:KFY)

State of New Jersey Common Pension Fund D grew its stake in Korn Ferry (NYSE:KFY – Get Rating) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,084 shares of the business services provider’s stock after buying an additional 4,866 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Korn Ferry worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KFY. Schroder Investment Management Group acquired a new stake in shares of Korn Ferry in the fourth quarter valued at about $25,000. Steward Partners Investment Advisory LLC grew its stake in Korn Ferry by 221.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 642 shares of the business services provider’s stock worth $42,000 after purchasing an additional 442 shares during the period. First Horizon Advisors Inc. grew its stake in Korn Ferry by 444.1% during the fourth quarter. First Horizon Advisors Inc. now owns 642 shares of the business services provider’s stock worth $49,000 after purchasing an additional 524 shares during the period. UMB Bank N A MO acquired a new stake in Korn Ferry during the fourth quarter worth approximately $53,000. Finally, Van ECK Associates Corp acquired a new stake in Korn Ferry during the fourth quarter worth approximately $89,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

Korn Ferry Trading Up 0.1 %

Shares of Korn Ferry stock opened at $65.60 on Tuesday. Korn Ferry has a 52 week low of $51.08 and a 52 week high of $84.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a 50 day moving average price of $59.20 and a two-hundred day moving average price of $62.88. The stock has a market capitalization of $3.48 billion, a PE ratio of 10.95 and a beta of 1.41.

Korn Ferry (NYSE:KFY – Get Rating) last posted its earnings results on Wednesday, June 22nd. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Korn Ferry had a return on equity of 22.71% and a net margin of 12.35%. The company had revenue of $721.14 million for the quarter, compared to analyst estimates of $681.98 million. As a group, equities analysts anticipate that Korn Ferry will post 5.99 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Wednesday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Tuesday, July 5th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.12. Korn Ferry’s dividend payout ratio (DPR) is currently 10.02%.

Wall Street Analysts Forecast Growth

KFY has been the subject of several recent analyst reports. StockNews.com raised Korn Ferry from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th. Truist Financial reduced their price objective on Korn Ferry from $98.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, June 17th. The Goldman Sachs Group reduced their price objective on Korn Ferry from $83.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, June 7th. Finally, Robert W. Baird reduced their price objective on Korn Ferry from $90.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, June 23rd.

Korn Ferry Profile

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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.

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