Neumeier Poma Investment Counsel LLC Has $22.04 Million Stake in Korn Ferry (NYSE:KFY)

Neumeier Poma Investment Counsel LLC lowered its stake in Korn Ferry (NYSE:KFY) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 326,790 shares of the business services provider’s stock after selling 165 shares during the quarter. Korn Ferry accounts for approximately 2.1% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 22nd largest holding. Neumeier Poma Investment Counsel LLC’s holdings in Korn Ferry were worth $22,042,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in Korn Ferry by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 786,238 shares of the business services provider’s stock valued at $59,157,000 after purchasing an additional 15,437 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Korn Ferry by 88.1% in the 3rd quarter. Citigroup Inc. now owns 69,185 shares of the business services provider’s stock valued at $5,205,000 after acquiring an additional 32,403 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Korn Ferry by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 29,903 shares of the business services provider’s stock valued at $2,250,000 after acquiring an additional 1,183 shares during the last quarter. FMR LLC boosted its holdings in shares of Korn Ferry by 59.3% during the 3rd quarter. FMR LLC now owns 4,608 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 1,716 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in Korn Ferry during the 3rd quarter worth $203,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

NYSE KFY opened at $68.36 on Thursday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 14.61 and a beta of 1.57. 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 has a twelve month low of $59.78 and a twelve month high of $80.64. The stock has a fifty day simple moving average of $67.59 and a 200 day simple moving average of $70.49.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Sell-side analysts expect that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.81%. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is 41.29%.

Analyst Upgrades and Downgrades

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

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.