Mutual of America Capital Management LLC Has $3.34 Million Holdings in Korn Ferry (NYSE:KFY)

Mutual of America Capital Management LLC trimmed its stake in shares of Korn Ferry (NYSE:KFY) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,740 shares of the business services provider’s stock after selling 2,256 shares during the period. Mutual of America Capital Management LLC owned approximately 0.10% of Korn Ferry worth $3,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KFY. Arizona State Retirement System increased its position in Korn Ferry by 1.2% in the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock worth $981,000 after purchasing an additional 168 shares during the period. SummerHaven Investment Management LLC boosted its stake in Korn Ferry by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 229 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Korn Ferry by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the business services provider’s stock worth $1,766,000 after acquiring an additional 300 shares during the period. GAMMA Investing LLC lifted its stake in shares of Korn Ferry by 28.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 306 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its holdings in Korn Ferry by 2.5% during the first quarter. Azzad Asset Management Inc. ADV now owns 14,548 shares of the business services provider’s stock worth $957,000 after buying an additional 360 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Buying and Selling

In other news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value of $1,580,163.13. Following the completion of the sale, the chief financial officer now directly owns 154,535 shares in the company, valued at $11,672,028.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Korn Ferry Price Performance

NYSE:KFY opened at $73.81 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. Korn Ferry has a 12-month low of $44.45 and a 12-month high of $76.63. The stock’s 50 day moving average price is $70.66 and its two-hundred day moving average price is $66.77. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 22.92 and a beta of 1.54.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. On average, analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 2.01%. Korn Ferry’s dividend payout ratio (DPR) is presently 45.96%.

Analyst Ratings Changes

A number of brokerages recently commented on KFY. Truist Financial restated a “buy” rating and set a $78.00 price objective (up from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. UBS Group raised their price objective on Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Finally, Robert W. Baird increased their price target on Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

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.