The Manufacturers Life Insurance Company Has $2.25 Million Holdings in Korn Ferry (NYSE:KFY)

The Manufacturers Life Insurance Company grew its position in Korn Ferry (NYSE:KFY) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,903 shares of the business services provider’s stock after purchasing an additional 1,183 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Korn Ferry were worth $2,250,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KFY. Pacer Advisors Inc. bought a new stake in Korn Ferry in the 3rd quarter valued at $103,546,000. Thrivent Financial for Lutherans lifted its holdings in shares of Korn Ferry by 1,846.0% during the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after buying an additional 841,413 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Korn Ferry by 377.6% in the second quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock valued at $16,102,000 after acquiring an additional 189,607 shares during the period. Jennison Associates LLC grew its stake in shares of Korn Ferry by 13.2% in the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock valued at $74,337,000 after acquiring an additional 115,523 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of Korn Ferry by 418.6% in the second quarter. Algert Global LLC now owns 134,781 shares of the business services provider’s stock valued at $9,049,000 after acquiring an additional 108,791 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Korn Ferry currently has an average rating of “Moderate Buy” and an average target price of $77.00.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $71.56 on Monday. The business has a fifty day moving average price of $74.19 and a two-hundred day moving average price of $70.77. The stock has a market capitalization of $3.72 billion, a PE ratio of 15.29 and a beta of 1.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. Korn Ferry has a fifty-two week low of $52.06 and a fifty-two week high of $80.64.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. Korn Ferry’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, equities analysts predict that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.07%. Korn Ferry’s dividend payout ratio is 31.62%.

Insider Activity at Korn Ferry

In other news, Director Debra J. Perry sold 5,280 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the transaction, the director now owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. This represents a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Burnison sold 16,274 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the completion of the sale, the chief executive officer now owns 356,844 shares in the company, valued at approximately $26,424,298.20. The trade was a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock valued at $6,329,320 over the last three months. 1.40% of the stock is owned by insiders.

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.