AlphaQuest LLC Sells 14,428 Shares of Korn Ferry (NYSE:KFY)

AlphaQuest LLC reduced its stake in Korn Ferry (NYSE:KFY - Free Report) by 82.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,051 shares of the business services provider's stock after selling 14,428 shares during the quarter. AlphaQuest LLC's holdings in Korn Ferry were worth $206,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KFY. Pacer Advisors Inc. bought a new position in Korn Ferry during the third quarter worth $103,546,000. JPMorgan Chase & Co. boosted its holdings in shares of Korn Ferry by 193.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock valued at $32,050,000 after buying an additional 281,024 shares during the period. Raymond James Financial Inc. acquired a new stake in Korn Ferry during the fourth quarter worth about $10,727,000. Barclays PLC lifted its holdings in Korn Ferry by 129.0% in the third quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock worth $18,053,000 after acquiring an additional 135,148 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Korn Ferry by 13.2% in the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider's stock valued at $74,337,000 after acquiring an additional 115,523 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn Ferry Trading Down 1.4 %

Shares of NYSE:KFY traded down $0.95 during midday trading on Thursday, reaching $66.89. The company had a trading volume of 429,123 shares, compared to its average volume of 333,286. The company has a fifty day simple moving average of $67.56 and a two-hundred day simple moving average of $70.58. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 14.29 and a beta of 1.57. Korn Ferry has a 1-year low of $59.78 and a 1-year 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.

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Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $650.45 million. During the same period in the previous year, the firm earned $1.07 earnings per share. Korn Ferry's quarterly revenue was down .1% on a year-over-year basis. Research 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 will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.87%. This is a positive change 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 (DPR) is currently 41.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KFY. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial increased their target price on Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, December 6th.

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.