Capital Fund Management S.A. Invests $802,000 in Korn Ferry (NYSE:KFY)

Capital Fund Management S.A. bought a new stake in shares of Korn Ferry (NYSE:KFY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,890 shares of the business services provider's stock, valued at approximately $802,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Korn Ferry by 59.3% in the third quarter. FMR LLC now owns 4,608 shares of the business services provider's stock valued at $347,000 after acquiring an additional 1,716 shares during the period. HighTower Advisors LLC raised its stake in Korn Ferry by 17.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,430 shares of the business services provider's stock valued at $407,000 after purchasing an additional 800 shares during the last quarter. MML Investors Services LLC bought a new stake in Korn Ferry in the 3rd quarter valued at $209,000. Barclays PLC grew its position in Korn Ferry by 129.0% in the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock worth $18,053,000 after purchasing an additional 135,148 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Korn Ferry by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,031 shares of the business services provider's stock worth $91,587,000 after purchasing an additional 28,014 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn Ferry Stock Performance

KFY stock traded up $1.46 during midday trading on Tuesday, hitting $60.94. The stock had a trading volume of 349,897 shares, compared to its average volume of 375,626. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 13.02 and a beta of 1.40. 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 stock has a 50-day simple moving average of $65.04 and a 200 day simple moving average of $69.19. Korn Ferry has a 52 week low of $59.23 and a 52 week high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The company 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%. During the same period last year, the firm earned $1.07 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost 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 3.15%. Korn Ferry's dividend payout ratio is presently 41.29%.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price on shares of 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 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.