Korn Ferry (NYSE:KFY) Stake Trimmed by AlphaQuest LLC

AlphaQuest LLC lowered its stake in Korn Ferry (NYSE:KFY) by 82.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,051 shares of the business services provider’s stock after selling 14,428 shares during the quarter. AlphaQuest LLC’s holdings in Korn Ferry were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KFY. Smartleaf Asset Management LLC increased its stake in Korn Ferry by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock worth $93,000 after purchasing an additional 963 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Korn Ferry during the 4th quarter valued at about $122,000. KBC Group NV grew its stake 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 valued at $171,000 after acquiring an additional 1,033 shares in the last quarter. Highland Capital Management LLC purchased a new position in Korn Ferry during the 4th quarter valued at about $201,000. Finally, Glenmede Trust Co. NA purchased a new position in Korn Ferry during the 3rd quarter valued at about $203,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn Ferry Trading Up 1.4 %

Shares of NYSE KFY opened at $67.39 on Monday. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 14.40 and a beta of 1.57. The business has a 50 day simple moving average of $67.50 and a 200 day simple moving average of $70.67. 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.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The business 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 firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. On average, research analysts predict that Korn Ferry will post 4.75 earnings per share 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. Investors of record on Thursday, March 27th will be issued a $0.48 dividend. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, March 27th. Korn Ferry’s payout ratio is 41.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KFY. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial lifted their target price on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note 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.