CANADA LIFE ASSURANCE Co Decreases Holdings in Korn Ferry (NYSE:KFY)

CANADA LIFE ASSURANCE Co decreased its position in Korn Ferry (NYSE:KFY - Free Report) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,931 shares of the business services provider's stock after selling 4,269 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.15% of Korn Ferry worth $5,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of KFY. Invesco Ltd. lifted its holdings in shares of Korn Ferry by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock worth $124,161,000 after acquiring an additional 97,811 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after purchasing an additional 184,170 shares during the period. Jennison Associates LLC lifted its stake in Korn Ferry by 8.1% in the fourth quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider's stock worth $72,024,000 after purchasing an additional 79,808 shares during the last quarter. Victory Capital Management Inc. boosted its position in Korn Ferry by 11.5% during the fourth quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider's stock valued at $59,948,000 after buying an additional 91,461 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Korn Ferry by 3.8% during the fourth quarter. Royce & Associates LP now owns 846,195 shares of the business services provider's stock valued at $57,076,000 after buying an additional 30,959 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Trading Up 1.8 %

Shares of KFY opened at $62.04 on Thursday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 13.26 and a beta of 1.40. Korn Ferry has a twelve month low of $59.23 and a twelve month 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 fifty day simple moving average of $64.94 and a two-hundred day simple moving average of $69.14.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. On average, research analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were given a $0.48 dividend. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, March 27th. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.

Analysts Set New Price Targets

Separately, Truist Financial lowered their target price on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th.

Korn Ferry 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.

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