Arizona State Retirement System Has $957,000 Stake in Korn Ferry (NYSE:KFY)

Arizona State Retirement System cut its stake in shares of Korn Ferry (NYSE:KFYGet Rating) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,734 shares of the business services provider’s stock after selling 243 shares during the quarter. Arizona State Retirement System’s holdings in Korn Ferry were worth $957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KFY. Seizert Capital Partners LLC bought a new position in shares of Korn Ferry in the 1st quarter worth about $3,228,000. State of New Jersey Common Pension Fund D raised its position in shares of Korn Ferry by 14.2% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 39,084 shares of the business services provider’s stock worth $2,538,000 after acquiring an additional 4,866 shares in the last quarter. Jackson Creek Investment Advisors LLC raised its position in shares of Korn Ferry by 4.7% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 15,028 shares of the business services provider’s stock worth $976,000 after acquiring an additional 679 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Korn Ferry by 5.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 7,841 shares of the business services provider’s stock valued at $509,000 after buying an additional 394 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Korn Ferry by 221.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 642 shares of the business services provider’s stock valued at $42,000 after buying an additional 442 shares in the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KFY. Truist Financial decreased their target price on Korn Ferry from $98.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, June 17th. StockNews.com raised Korn Ferry from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 12th. The Goldman Sachs Group decreased their price objective on Korn Ferry from $83.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, June 7th. Finally, Robert W. Baird cut their target price on Korn Ferry from $90.00 to $72.00 and set an “outperform” rating on the stock in a research note on Thursday, June 23rd.

Korn Ferry Price Performance

Korn Ferry stock opened at $64.13 on Wednesday. Korn Ferry has a 12 month low of $51.08 and a 12 month high of $84.68. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $59.47 and its 200 day simple moving average is $62.84. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 10.71 and a beta of 1.41.

Korn Ferry (NYSE:KFYGet Rating) last posted its quarterly earnings data on Wednesday, June 22nd. The business services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $721.14 million for the quarter, compared to the consensus estimate of $681.98 million. Korn Ferry had a return on equity of 22.71% and a net margin of 12.35%. Sell-side analysts forecast that Korn Ferry will post 5.99 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, July 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. This is an increase from Korn Ferry’s previous quarterly dividend of $0.12. Korn Ferry’s dividend payout ratio is currently 10.02%.

About Korn Ferry

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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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Institutional Ownership by Quarter for Korn Ferry (NYSE:KFY)

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