Proficio Capital Partners LLC Invests $685,000 in Korn Ferry (NYSE:KFY)

Proficio Capital Partners LLC bought a new position in shares of Korn Ferry (NYSE:KFY) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,163 shares of the business services provider’s stock, valued at approximately $685,000.

Other institutional investors also recently modified their holdings of the company. Atria Investments Inc grew its position in shares of Korn Ferry by 34.4% in the 3rd quarter. Atria Investments Inc now owns 4,097 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 1,049 shares during the period. Empowered Funds LLC acquired a new position in shares of Korn Ferry in the 3rd quarter valued at approximately $1,214,000. Natixis Advisors LLC grew its position in shares of Korn Ferry by 2.3% in the 3rd quarter. Natixis Advisors LLC now owns 43,423 shares of the business services provider’s stock valued at $3,267,000 after purchasing an additional 986 shares during the period. Banque Cantonale Vaudoise grew its position in shares of Korn Ferry by 103.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,354 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 1,708 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Korn Ferry by 18.4% in the 3rd quarter. Intech Investment Management LLC now owns 25,894 shares of the business services provider’s stock valued at $1,948,000 after purchasing an additional 4,021 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KFY. Truist Financial boosted their price objective on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th.

Korn Ferry Trading Down 0.8 %

NYSE KFY opened at $66.37 on Friday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 14.18 and a beta of 1.57. The stock’s 50 day moving average price is $67.60 and its two-hundred day moving average price is $70.50. 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 has a 52 week low of $59.78 and a 52 week high of $80.64.

Korn Ferry (NYSE:KFY) last released its 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 firm had revenue of $676.50 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. As a group, analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently announced 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 a boost from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, March 27th. This represents a $1.92 annualized dividend and a yield of 2.89%. Korn Ferry’s payout ratio is presently 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.