Natixis Advisors LLC Has $1.83 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Natixis Advisors LLC decreased its stake in Korn Ferry (NYSE:KFY) by 37.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,092 shares of the business services provider’s stock after selling 16,331 shares during the quarter. Natixis Advisors LLC’s holdings in Korn Ferry were worth $1,827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new position in shares of Korn Ferry in the fourth quarter worth about $76,000. Smartleaf Asset Management LLC grew its position in Korn Ferry by 230.4% during 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 worth approximately $122,000. KBC Group NV raised 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 purchasing an additional 1,033 shares during the period. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Korn Ferry in the third quarter worth $203,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE:KFY opened at $68.28 on Tuesday. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 14.59 and a beta of 1.57. Korn Ferry has a 1 year low of $59.78 and a 1 year high of $80.64. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $67.62 and a 200 day simple moving average of $70.50.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (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 analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. As a group, sell-side analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KFY shares. Truist Financial increased their price objective on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research 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.