Nisa Investment Advisors LLC Has $151,000 Stock Holdings in Korn Ferry (NYSE:KFY)

Nisa Investment Advisors LLC lifted its holdings in Korn Ferry (NYSE:KFY) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,540 shares of the business services provider’s stock after acquiring an additional 301 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Korn Ferry were worth $151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Rockefeller Capital Management L.P. boosted its position in shares of Korn Ferry by 22.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,132 shares of the business services provider’s stock worth $57,000 after buying an additional 207 shares during the period. Captrust Financial Advisors boosted its position in shares of Korn Ferry by 4.0% in the fourth quarter. Captrust Financial Advisors now owns 5,521 shares of the business services provider’s stock worth $279,000 after buying an additional 214 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Korn Ferry by 11.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,256 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 223 shares during the last quarter. Bank of Montreal Can boosted its position in Korn Ferry by 1.5% during the first quarter. Bank of Montreal Can now owns 16,129 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 239 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Korn Ferry by 4.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,836 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Transactions at Korn Ferry

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

Korn Ferry Price Performance

NYSE KFY opened at $61.29 on Friday. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $69.69. The stock’s 50-day moving average is $62.68 and its two-hundred day moving average is $56.51. 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 firm has a market cap of $3.22 billion, a P/E ratio of 21.21 and a beta of 1.47.

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

Korn Ferry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 27th were paid a $0.33 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.15%. Korn Ferry’s payout ratio is presently 45.67%.

Wall Street Analysts Forecast Growth

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

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.