Cibc World Markets Corp Invests $328,000 in Korn Ferry (NYSE:KFY)

Cibc World Markets Corp purchased a new position in shares of Korn Ferry (NYSE:KFY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,859 shares of the business services provider's stock, valued at approximately $328,000.

Several other hedge funds also recently modified their holdings of the business. Royce & Associates LP grew its position in Korn Ferry by 3.8% in the 4th quarter. Royce & Associates LP now owns 846,195 shares of the business services provider's stock worth $57,076,000 after purchasing an additional 30,959 shares during the last quarter. Picton Mahoney Asset Management grew its position in Korn Ferry by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 7,518 shares of the business services provider's stock worth $507,000 after buying an additional 2,429 shares in the last quarter. Vestcor Inc grew its position in Korn Ferry by 34.5% during the fourth quarter. Vestcor Inc now owns 24,869 shares of the business services provider's stock worth $1,677,000 after buying an additional 6,382 shares in the last quarter. Swiss National Bank raised its holdings in Korn Ferry by 1.1% in the 4th quarter. Swiss National Bank now owns 102,300 shares of the business services provider's stock valued at $6,900,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry in the 4th quarter worth approximately $76,000. 98.82% of the stock is owned by institutional investors.

Korn Ferry Price Performance

Shares of KFY traded down $0.66 during mid-day trading on Friday, reaching $68.04. The company had a trading volume of 428,732 shares, compared to its average volume of 364,582. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $3.51 billion, a P/E ratio of 14.54 and a beta of 1.57. Korn Ferry has a twelve month low of $59.78 and a twelve month high of $80.64. The company's 50-day moving average is $67.57 and its 200-day moving average is $70.48.

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Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. During the same period in the prior year, the company posted $1.07 earnings per share. The business's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.82%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry's dividend payout ratio is currently 41.29%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KFY shares. 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 raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th.

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.