Illinois Municipal Retirement Fund Raises Stock Position in Korn Ferry (NYSE:KFY)

Illinois Municipal Retirement Fund boosted its holdings in Korn Ferry (NYSE:KFY) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,390 shares of the business services provider’s stock after buying an additional 826 shares during the period. Illinois Municipal Retirement Fund’s holdings in Korn Ferry were worth $1,863,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Korn Ferry by 4.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,836 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 248 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of 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 worth $151,000 after acquiring an additional 301 shares during the period. Swiss National Bank increased its holdings in Korn Ferry by 0.5% during the third quarter. Swiss National Bank now owns 114,700 shares of the business services provider’s stock valued at $5,441,000 after buying an additional 600 shares during the period. Stratos Wealth Advisors LLC grew its holdings in Korn Ferry by 3.9% in the third quarter. Stratos Wealth Advisors LLC now owns 19,558 shares of the business services provider’s stock worth $928,000 after purchasing an additional 743 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Korn Ferry by 12.7% during the third quarter. Teacher Retirement System of Texas now owns 6,888 shares of the business services provider’s stock worth $327,000 after buying an additional 775 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Korn Ferry Price Performance

Shares of KFY opened at $60.62 on Friday. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $69.69. The stock has a market cap of $3.18 billion, a PE ratio of 20.98 and a beta of 1.47. The firm has a 50-day simple moving average of $62.90 and a two-hundred day simple moving average of $56.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 1.83.

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

Korn Ferry Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Tuesday, March 26th. Korn Ferry’s dividend payout ratio (DPR) is presently 45.67%.

Korn Ferry 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.