Korn Ferry (NYSE:KFY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Korn Ferry (NYSE:KFY) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 55,659 shares of the business services provider’s stock after selling 2,264 shares during the period. Mutual of America Capital Management LLC’s holdings in Korn Ferry were worth $3,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC boosted its stake in Korn Ferry by 181.8% during the 1st quarter. Belpointe Asset Management LLC now owns 775 shares of the business services provider’s stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Korn Ferry by 55.2% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the business services provider’s stock worth $61,000 after purchasing an additional 336 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Korn Ferry during the 3rd quarter worth $52,000. Rockefeller Capital Management L.P. boosted its stake in Korn Ferry by 22.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,132 shares of the business services provider’s stock worth $57,000 after purchasing an additional 207 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Korn Ferry by 22.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,695 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Stock Down 0.8 %

Shares of KFY opened at $60.00 on Thursday. The firm has a market cap of $3.15 billion, a P/E ratio of 20.76 and a beta of 1.47. Korn Ferry has a 12-month low of $44.45 and a 12-month high of $69.69. The company’s 50-day moving average price is $62.61 and its 200 day moving average price is $56.39. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23.

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

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 27th were issued a $0.33 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $1.32 annualized dividend and a yield of 2.20%. Korn Ferry’s dividend payout ratio (DPR) is currently 45.67%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Korn Ferry

In other Korn Ferry news, Director Jerry Leamon sold 10,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.80, for a total transaction of $658,000.00. Following the sale, the director now directly owns 16,802 shares in the company, valued at $1,105,571.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

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.