Maryland State Retirement & Pension System Sells 299 Shares of Korn Ferry (NYSE:KFY)

Maryland State Retirement & Pension System cut its position in Korn Ferry (NYSE:KFY) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,515 shares of the business services provider’s stock after selling 299 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Korn Ferry were worth $1,181,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Arizona State Retirement System raised its position 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 purchasing an additional 176 shares during the last quarter. Savant Capital LLC raised its position 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 purchasing an additional 249 shares during the last quarter. Heritage Family Offices LLP raised its position 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 purchasing an additional 259 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position 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 purchasing an additional 343 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 purchasing an additional 433 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KFY has been the subject of several research reports. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Truist Financial increased their price target on 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 Trading Down 0.8 %

Shares of KFY stock opened at $66.37 on Friday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 14.18 and a beta of 1.57. The stock has a 50-day moving average of $67.60 and a 200-day moving average of $70.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 1-year low of $59.78 and a 1-year high of $80.64.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $676.50 million during the quarter, compared to analysts’ expectations of $650.45 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.92 annualized dividend and a yield of 2.89%. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. 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.