Loomis Sayles & Co. L P Purchases 8,058 Shares of Korn Ferry (NYSE:KFY)

Loomis Sayles & Co. L P grew its position in Korn Ferry (NYSE:KFY) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 415,488 shares of the business services provider’s stock after acquiring an additional 8,058 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Korn Ferry were worth $28,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Korn Ferry by 1.2% in the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock valued at $1,018,000 after acquiring an additional 176 shares in the last quarter. Savant Capital LLC boosted its position in shares of Korn Ferry by 7.4% in the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock worth $245,000 after purchasing an additional 249 shares in the last quarter. Heritage Family Offices LLP grew its stake in Korn Ferry by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock worth $260,000 after buying an additional 259 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Korn Ferry by 1.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 343 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Korn Ferry by 3.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider’s stock valued at $861,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on KFY. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial upped their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, December 6th.

Korn Ferry Stock Up 0.3 %

Shares of KFY stock opened at $68.65 on Friday. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64. The firm has a market capitalization of $3.54 billion, a PE ratio of 14.67 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock’s 50-day simple moving average is $67.57 and its 200-day simple moving average is $70.48.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $1.07 EPS. Equities analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.48 per share. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry’s dividend payout ratio (DPR) is currently 41.29%.

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.