Mutual of America Capital Management LLC Lowers Holdings in Korn Ferry (NYSE:KFY)

Mutual of America Capital Management LLC cut its position in Korn Ferry (NYSE:KFY) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,659 shares of the business services provider’s stock after selling 2,264 shares during the quarter. Mutual of America Capital Management LLC owned about 0.11% of Korn Ferry worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in Korn Ferry in the 3rd quarter worth approximately $52,000. UBS Group AG lifted its stake in Korn Ferry by 19.8% in the 3rd quarter. UBS Group AG now owns 169,728 shares of the business services provider’s stock worth $8,052,000 after purchasing an additional 28,091 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Korn Ferry in the 3rd quarter worth approximately $2,393,000. AlphaMark Advisors LLC purchased a new stake in Korn Ferry in the 3rd quarter worth approximately $242,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Korn Ferry by 525.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 224,741 shares of the business services provider’s stock valued at $10,662,000 after buying an additional 188,817 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Robert W. Baird raised their price objective on shares of Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. William Blair upgraded shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th. Finally, Truist Financial raised their price objective 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Insiders Place Their Bets

In other Korn Ferry news, Director Jerry Leamon sold 10,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $65.80, for a total value of $658,000.00. Following the sale, the director now owns 16,802 shares of the company’s stock, valued at approximately $1,105,571.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE:KFY opened at $60.00 on Thursday. The stock has a market cap of $3.15 billion, a PE ratio of 20.76 and a beta of 1.47. The company’s fifty day moving average is $62.61 and its 200 day moving average is $56.39. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $69.69. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY) last issued its earnings results on Wednesday, March 6th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The company had revenue of $676.80 million for 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 firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. Research analysts anticipate that Korn Ferry will post 4.17 earnings per share for the current year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 27th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, March 26th. Korn Ferry’s payout ratio 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.