Natixis Advisors LLC Sells 16,331 Shares of Korn Ferry (NYSE:KFY)

Natixis Advisors LLC reduced its position in Korn Ferry (NYSE:KFY - Free Report) by 37.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,092 shares of the business services provider's stock after selling 16,331 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of Korn Ferry worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in Korn Ferry by 18.4% in the 3rd quarter. Intech Investment Management LLC now owns 25,894 shares of the business services provider's stock worth $1,948,000 after buying an additional 4,021 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Korn Ferry by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 786,238 shares of the business services provider's stock worth $59,157,000 after acquiring an additional 15,437 shares during the period. Citigroup Inc. grew its position in shares of Korn Ferry by 88.1% in the third quarter. Citigroup Inc. now owns 69,185 shares of the business services provider's stock valued at $5,205,000 after purchasing an additional 32,403 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Korn Ferry by 4.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 29,903 shares of the business services provider's stock valued at $2,250,000 after purchasing an additional 1,183 shares during the period. Finally, FMR LLC lifted its holdings in Korn Ferry by 59.3% during the 3rd quarter. FMR LLC now owns 4,608 shares of the business services provider's stock worth $347,000 after purchasing an additional 1,716 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KFY. Truist Financial upped their price target 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 upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a research note on Tuesday, December 17th.

Korn Ferry Price Performance

Shares of KFY traded down $0.66 during trading hours on Friday, reaching $68.04. 428,732 shares of the company's stock traded hands, compared to its average volume of 364,582. Korn Ferry has a 12 month low of $59.78 and a 12 month high of $80.64. 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 market cap of $3.51 billion, a PE ratio of 14.54 and a beta of 1.57. The firm's 50 day simple moving average is $67.57 and its 200-day simple moving average is $70.48.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $650.45 million. During the same quarter in the previous year, the company earned $1.07 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. Equities analysts expect 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. Stockholders of record on Thursday, March 27th will be issued a $0.48 dividend. 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 2.82%. The ex-dividend date is Thursday, March 27th. Korn Ferry's dividend payout ratio is presently 41.29%.

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.