William Blair Investment Management LLC Purchases 11,634 Shares of Korn Ferry (NYSE:KFY)

William Blair Investment Management LLC boosted its position in Korn Ferry (NYSE:KFY) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 476,624 shares of the business services provider’s stock after acquiring an additional 11,634 shares during the quarter. William Blair Investment Management LLC owned 0.92% of Korn Ferry worth $32,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System increased 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 during the last quarter. Savant Capital LLC increased its stake in Korn Ferry by 7.4% in the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 249 shares during the last quarter. Heritage Family Offices LLP increased its stake in Korn Ferry by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock valued at $260,000 after acquiring an additional 259 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Korn Ferry by 1.3% in the fourth 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 acquiring an additional 343 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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 acquiring an additional 433 shares during the last quarter. 98.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KFY has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Truist Financial raised their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $67.49 on Wednesday. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $3.48 billion, a P/E ratio of 14.42 and a beta of 1.57. The company’s 50 day moving average price is $67.53 and its two-hundred day moving average price is $70.60.

Korn Ferry (NYSE:KFY) last issued its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.06. The firm had revenue of $676.50 million for 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 company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. On average, equities analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is 41.29%.

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.