Hillsdale Investment Management Inc. reduced its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 27.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,800 shares of the business services provider's stock after selling 14,600 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.08% of Korn Ferry worth $2,617,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock worth $32,050,000 after buying an additional 281,024 shares during the period. Vestcor Inc raised its stake in shares of Korn Ferry by 323.7% during the 3rd quarter. Vestcor Inc now owns 18,487 shares of the business services provider's stock valued at $1,391,000 after buying an additional 14,124 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Korn Ferry by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 786,238 shares of the business services provider's stock valued at $59,157,000 after buying an additional 15,437 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Korn Ferry by 5.7% in the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock worth $20,463,000 after buying an additional 14,601 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Korn Ferry by 44.8% during the fourth quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock worth $216,000 after acquiring an additional 991 shares during the period. 98.82% of the stock is currently owned by institutional investors.
Korn Ferry Price Performance
KFY traded up $0.21 on Thursday, reaching $68.65. 415,813 shares of the company's stock were exchanged, compared to its average volume of 341,639. The stock has a market cap of $3.54 billion, a PE ratio of 14.67 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Korn Ferry has a twelve month low of $59.78 and a twelve month high of $80.64. The stock's fifty day moving average price is $67.59 and its 200-day moving average price is $70.49.
Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Korn Ferry's quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts expect 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 will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be issued a $0.48 dividend. The ex-dividend date of this dividend is 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 yield of 2.80%. Korn Ferry's dividend payout ratio is currently 41.29%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th. Truist Financial lifted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a report on Friday, December 6th.
Check Out Our Latest Report on Korn Ferry
About Korn Ferry
(
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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