Loomis Sayles & Co. L P Boosts Holdings in Korn Ferry (NYSE:KFY)

Loomis Sayles & Co. L P grew its position in Korn Ferry (NYSE:KFY) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 owned about 0.81% of Korn Ferry worth $28,024,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Korn Ferry by 193.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock worth $32,050,000 after purchasing an additional 281,024 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Korn Ferry by 19.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider’s stock worth $76,458,000 after buying an additional 184,170 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Korn Ferry during the 4th quarter worth approximately $10,727,000. Barclays PLC boosted its holdings in Korn Ferry by 129.0% during the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider’s stock valued at $18,053,000 after acquiring an additional 135,148 shares during the period. Finally, Allianz Asset Management GmbH grew its position in Korn Ferry by 14.2% in the 4th quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider’s stock valued at $50,818,000 after acquiring an additional 93,591 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Trading Up 0.3 %

Shares of NYSE KFY opened at $68.65 on Friday. Korn Ferry has a twelve month low of $59.78 and a twelve month high of $80.64. 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 business has a fifty day simple moving average of $67.57 and a two-hundred day simple moving average of $70.48. The firm has a market cap of $3.54 billion, a PE ratio of 14.67 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share 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%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. Analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be paid a $0.48 dividend. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. Korn Ferry’s payout ratio is 41.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial boosted their target price 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. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th.

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.