American Century Companies Inc. Sells 76,147 Shares of Korn Ferry (NYSE:KFY)

American Century Companies Inc. lowered its position in Korn Ferry (NYSE:KFY) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 953,281 shares of the business services provider’s stock after selling 76,147 shares during the period. American Century Companies Inc. owned approximately 1.85% of Korn Ferry worth $64,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of KFY. Arizona State Retirement System lifted its stake in shares of Korn Ferry by 1.2% during the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock worth $1,018,000 after acquiring an additional 176 shares during the last quarter. Savant Capital LLC lifted its position in shares of Korn Ferry by 7.4% during 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 during the last quarter. Heritage Family Offices LLP boosted its stake in shares of Korn Ferry by 7.2% during 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 period. State of New Jersey Common Pension Fund D grew its holdings in shares of 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 worth $1,874,000 after purchasing an additional 343 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Korn Ferry by 3.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider’s stock worth $861,000 after buying an additional 433 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KFY shares. Truist Financial upped their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th.

Korn Ferry Trading Down 0.4 %

NYSE:KFY opened at $68.01 on Wednesday. The firm has a 50-day simple moving average of $67.62 and a 200-day simple moving average of $70.51. Korn Ferry has a one year low of $59.78 and a one year high of $80.64. The firm has a market cap of $3.51 billion, a P/E ratio of 14.53 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY) last posted its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $650.45 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. Korn Ferry’s revenue was down .1% on a year-over-year basis. Equities analysts anticipate that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.82%. 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%.

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.