Maryland State Retirement & Pension System Has $1.18 Million Holdings in Korn Ferry (NYSE:KFY)

Maryland State Retirement & Pension System lessened its position in Korn Ferry (NYSE:KFY) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,515 shares of the business services provider’s stock after selling 299 shares during the period. Maryland State Retirement & Pension System’s holdings in Korn Ferry were worth $1,181,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew 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 period. Savant Capital LLC grew 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 period. Heritage Family Offices LLP grew 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 period. State of New Jersey Common Pension Fund D grew 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew 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 period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

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

Korn Ferry Stock Down 0.8 %

KFY stock opened at $66.37 on Friday. The stock’s 50 day moving average is $67.60 and its 200-day moving average is $70.50. The firm has a market capitalization of $3.42 billion, a PE ratio of 14.18 and a beta of 1.57. 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.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. The business had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. Sell-side analysts expect that Korn Ferry will post 4.75 EPS 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. Investors of record on Thursday, March 27th will be issued a dividend of $0.48 per share. 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 yield of 2.89%. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry’s dividend payout ratio (DPR) is 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.