Legal & General Group Plc Cuts Stake in Korn Ferry (NYSE:KFY)

Legal & General Group Plc decreased its holdings in Korn Ferry (NYSE:KFY - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,136 shares of the business services provider's stock after selling 4,282 shares during the period. Legal & General Group Plc owned 0.29% of Korn Ferry worth $10,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KFY. Arizona State Retirement System lifted its position in shares of Korn Ferry by 1.2% during the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock worth $1,018,000 after acquiring an additional 176 shares in the last quarter. Savant Capital LLC grew its holdings in Korn Ferry by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock valued at $245,000 after buying an additional 249 shares in the last quarter. Heritage Family Offices LLP increased its position in shares of Korn Ferry by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock valued at $260,000 after buying an additional 259 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of Korn Ferry by 1.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider's stock worth $1,874,000 after buying an additional 343 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Korn Ferry by 7.2% in the fourth quarter. Bank of Montreal Can now owns 7,014 shares of the business services provider's stock valued at $473,000 after acquiring an additional 471 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Korn Ferry Price Performance

Shares of KFY traded up $1.91 during trading hours on Wednesday, reaching $62.83. 53,071 shares of the company's stock traded hands, compared to its average volume of 416,437. 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 firm's 50 day simple moving average is $65.04 and its 200-day simple moving average is $69.19. The stock has a market cap of $3.24 billion, a PE ratio of 13.43 and a beta of 1.40. Korn Ferry has a 12 month low of $59.23 and a 12 month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last issued 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 firm had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The business's revenue for the quarter 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 was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a dividend yield of 3.06%. Korn Ferry's dividend payout ratio is 41.29%.

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.