Charles Schwab Investment Management Inc. Grows Position in Korn Ferry (NYSE:KFY)

Charles Schwab Investment Management Inc. increased its position in Korn Ferry (NYSE:KFY) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 787,354 shares of the business services provider’s stock after buying an additional 1,116 shares during the period. Charles Schwab Investment Management Inc. owned 1.53% of Korn Ferry worth $53,107,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its holdings in shares of Korn Ferry by 80.8% in the third quarter. Janney Montgomery Scott LLC now owns 15,042 shares of the business services provider’s stock worth $1,132,000 after buying an additional 6,721 shares during the period. Principal Financial Group Inc. lifted its position in Korn Ferry by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider’s stock worth $20,463,000 after acquiring an additional 14,601 shares during the period. Atria Investments Inc raised its stake in shares of Korn Ferry by 34.4% during the 3rd quarter. Atria Investments Inc now owns 4,097 shares of the business services provider’s stock valued at $308,000 after buying an additional 1,049 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Korn Ferry by 3.6% in the 3rd quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider’s stock worth $59,990,000 after buying an additional 27,773 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Korn Ferry during the 3rd quarter worth approximately $1,214,000. 98.82% of the stock is owned by institutional investors.

Korn Ferry Trading Up 0.1 %

Shares of KFY stock opened at $66.51 on Friday. Korn Ferry has a 12-month low of $59.78 and a 12-month high of $80.64. The company has a market capitalization of $3.43 billion, a P/E ratio of 14.21 and a beta of 1.57. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $67.52 and a 200 day moving average price of $70.75.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The firm had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. Research analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is presently 31.62%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KFY shares. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Truist Financial lifted their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th.

Korn Ferry Company Profile

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.