Dimensional Fund Advisors LP Sells 11,809 Shares of Korn Ferry (NYSE:KFY)

Dimensional Fund Advisors LP reduced its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,161,764 shares of the business services provider's stock after selling 11,809 shares during the period. Dimensional Fund Advisors LP owned 6.13% of Korn Ferry worth $213,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KFY. Marshall Wace LLP bought a new position in shares of Korn Ferry during the fourth quarter worth about $278,000. Bridgewater Associates LP increased its position in Korn Ferry by 4.8% during the 4th quarter. Bridgewater Associates LP now owns 24,777 shares of the business services provider's stock valued at $1,671,000 after purchasing an additional 1,128 shares during the period. Summit Investment Advisors Inc. raised its holdings in Korn Ferry by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock worth $366,000 after purchasing an additional 225 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Korn Ferry by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock worth $55,724,000 after purchasing an additional 438,644 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Korn Ferry by 828.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after purchasing an additional 1,491 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Price Performance

Korn Ferry stock opened at $60.94 on Wednesday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 13.02 and a beta of 1.40. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock's 50 day moving average price is $65.04 and its two-hundred day moving average price is $69.19.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its earnings results 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 net margin of 9.03% and a return on equity of 14.27%. The business had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same period in the prior year, the firm earned $1.07 earnings per share. Korn Ferry's revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. 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. Korn Ferry's dividend payout ratio (DPR) is 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their price target on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

About Korn Ferry

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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