Xponance Inc. Has $325,000 Stock Holdings in Korn Ferry (NYSE:KFY)

Xponance Inc. increased its position in Korn Ferry (NYSE:KFY) by 41.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,820 shares of the business services provider’s stock after acquiring an additional 1,413 shares during the quarter. Xponance Inc.’s holdings in Korn Ferry were worth $325,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KFY. Wealthfront Advisers LLC acquired a new position in Korn Ferry in the 4th quarter valued at approximately $76,000. Smartleaf Asset Management LLC increased its holdings in Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 963 shares during the period. Venturi Wealth Management LLC acquired a new stake in Korn Ferry in the fourth quarter valued at $122,000. KBC Group NV lifted its holdings in Korn Ferry by 68.5% during the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock worth $171,000 after buying an additional 1,033 shares during the period. Finally, Glenmede Trust Co. NA bought a new stake in shares of Korn Ferry in the 3rd quarter valued at about $203,000. Institutional investors own 98.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Korn Ferry Stock Up 0.3 %

Shares of NYSE:KFY opened at $68.65 on Friday. Korn Ferry has a 1 year low of $59.78 and a 1 year 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 business’s 50-day moving average is $67.57 and its 200-day moving average is $70.48. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 14.67 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 14.27% and a net margin of 9.03%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. Equities research analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently declared 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 is an increase from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry’s payout ratio is 41.29%.

Korn Ferry Company 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.