Victory Capital Management Inc. Has $33.78 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Victory Capital Management Inc. increased its position in shares of Korn Ferry (NYSE:KFY) by 1,069.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 569,154 shares of the business services provider’s stock after buying an additional 520,486 shares during the quarter. Victory Capital Management Inc. owned 1.08% of Korn Ferry worth $33,779,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Korn Ferry during the fourth quarter valued at approximately $45,000. DekaBank Deutsche Girozentrale acquired a new stake in Korn Ferry during the third quarter valued at approximately $52,000. Nisa Investment Advisors LLC boosted its holdings in Korn Ferry by 13.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 301 shares in the last quarter. Strs Ohio boosted its holdings in Korn Ferry by 300.0% during the third quarter. Strs Ohio now owns 4,000 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,000 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Korn Ferry during the third quarter valued at approximately $242,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

KFY stock opened at $63.74 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 1.83. The company has a 50 day moving average price of $63.27 and a 200 day moving average price of $57.65. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $69.69. The stock has a market capitalization of $3.35 billion, a PE ratio of 22.06 and a beta of 1.47.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. Korn Ferry had a net margin of 5.34% and a return on equity of 12.59%. The firm had revenue of $676.80 million during the quarter, compared to analysts’ expectations of $657.91 million. During the same quarter in the previous year, the company posted $1.01 EPS. Korn Ferry’s revenue was down 1.5% on a year-over-year basis. Analysts forecast that Korn Ferry will post 4.17 EPS for the current year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Tuesday, March 26th. Korn Ferry’s payout ratio is 45.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KFY shares. William Blair upgraded shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th. UBS Group lifted their target price on shares of Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Truist Financial lifted their target price on shares of Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, March 4th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. Finally, Robert W. Baird lifted their target price on shares of Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Insider Buying and Selling at Korn Ferry

In related news, Director Jerry Leamon sold 10,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $65.80, for a total value of $658,000.00. Following the completion of the transaction, the director now directly owns 16,802 shares of the company’s stock, valued at approximately $1,105,571.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

About Korn Ferry

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.