Amundi lifted its holdings in Korn Ferry (NYSE:KFY - Free Report) by 181.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,984 shares of the business services provider's stock after buying an additional 19,341 shares during the quarter. Amundi owned about 0.06% of Korn Ferry worth $1,983,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in Korn Ferry by 1.2% during the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock valued at $1,018,000 after purchasing an additional 176 shares during the period. Savant Capital LLC raised its position in shares of Korn Ferry by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock valued at $245,000 after acquiring an additional 249 shares during the last quarter. Heritage Family Offices LLP lifted its stake in shares of Korn Ferry by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock valued at $260,000 after purchasing an additional 259 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Korn Ferry by 1.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider's stock worth $1,874,000 after purchasing an additional 343 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Korn Ferry by 3.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider's stock worth $861,000 after purchasing an additional 433 shares during the period. Institutional investors own 98.82% of the company's stock.
Korn Ferry Stock Down 0.8 %
Shares of KFY traded down $0.51 on Friday, hitting $66.37. The company's stock had a trading volume of 2,430,024 shares, compared to its average volume of 341,782. The firm's fifty day moving average price is $67.58 and its 200-day moving average price is $70.55. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 14.18 and a beta of 1.57.
Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The business's revenue was down .1% on a year-over-year basis. On average, equities research 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. Shareholders of record on Thursday, March 27th will be paid a $0.48 dividend. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 2.89%. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. StockNews.com raised Korn Ferry from a "hold" rating to a "buy" rating in a research note on Tuesday, December 17th. Truist Financial increased their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, December 6th.
Check Out Our Latest Report on KFY
Korn Ferry Company Profile
(
Free Report)
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.
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