Teacher Retirement System of Texas Has $3.87 Million Position in Korn Ferry (NYSE:KFY)

Teacher Retirement System of Texas lessened its position in Korn Ferry (NYSE:KFY) by 48.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 57,319 shares of the business services provider’s stock after selling 54,772 shares during the quarter. Teacher Retirement System of Texas’ holdings in Korn Ferry were worth $3,866,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KFY. Xponance Inc. raised its holdings in shares of Korn Ferry by 41.5% in the fourth quarter. Xponance Inc. now owns 4,820 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 1,413 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider’s stock valued at $76,458,000 after buying an additional 184,170 shares during the last quarter. William Blair Investment Management LLC lifted its position in Korn Ferry by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 476,624 shares of the business services provider’s stock worth $32,148,000 after buying an additional 11,634 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Korn Ferry during the 4th quarter worth about $328,000. Finally, Royce & Associates LP grew its holdings in shares of Korn Ferry by 3.8% in the 4th quarter. Royce & Associates LP now owns 846,195 shares of the business services provider’s stock valued at $57,076,000 after acquiring an additional 30,959 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Trading Up 2.5 %

Shares of NYSE:KFY opened at $68.28 on Tuesday. Korn Ferry has a 52-week low of $59.78 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $3.52 billion, a P/E ratio of 14.59 and a beta of 1.57. The company has a 50-day simple moving average of $67.62 and a 200 day simple moving average of $70.50.

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

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be issued 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 dividend yield of 2.81%. The ex-dividend date is Thursday, March 27th. Korn Ferry’s payout ratio is currently 41.29%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial upped their target price on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th.

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.