E. Ohman J or Asset Management AB Boosts Holdings in Korn Ferry (NYSE:KFY)

E. Ohman J or Asset Management AB increased its stake in shares of Korn Ferry (NYSE:KFY) by 41.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,655 shares of the business services provider’s stock after buying an additional 15,224 shares during the period. E. Ohman J or Asset Management AB owned about 0.10% of Korn Ferry worth $3,504,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Korn Ferry by 1.2% during the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock worth $1,018,000 after buying an additional 176 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Korn Ferry by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider’s stock worth $35,000 after purchasing an additional 223 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Korn Ferry by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider’s stock worth $366,000 after purchasing an additional 225 shares in the last quarter. Savant Capital LLC increased its stake in shares of Korn Ferry by 7.4% in the fourth 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. Finally, Heritage Family Offices LLP increased its stake in shares of Korn Ferry by 6.6% in the first quarter. Heritage Family Offices LLP now owns 4,113 shares of the business services provider’s stock worth $279,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn Ferry Price Performance

KFY stock opened at $69.88 on Friday. The firm has a 50 day moving average of $65.07 and a 200-day moving average of $67.69. 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 12 month low of $59.23 and a 12 month high of $80.64. The firm has a market capitalization of $3.60 billion, a P/E ratio of 14.93 and a beta of 1.42.

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

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were given a $0.48 dividend. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry’s dividend payout ratio (DPR) is 41.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of Korn Ferry from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. UBS Group reduced their target price on shares of Korn Ferry from $75.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of Korn Ferry from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

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.