Proficio Capital Partners LLC Acquires New Shares in Korn Ferry (NYSE:KFY)

Proficio Capital Partners LLC purchased a new stake in Korn Ferry (NYSE:KFY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,163 shares of the business services provider's stock, valued at approximately $685,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Savant Capital LLC lifted its holdings in shares of Korn Ferry by 7.4% in the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock valued at $245,000 after purchasing an additional 249 shares in the last quarter. Heritage Family Offices LLP lifted its position in 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 worth $260,000 after buying an additional 259 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Korn Ferry by 6.4% in the third quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider's stock worth $370,000 after acquiring an additional 294 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Korn Ferry by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,343 shares of the business services provider's stock valued at $402,000 after purchasing an additional 299 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Korn Ferry by 1.3% in the 4th 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 purchasing an additional 343 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

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Korn Ferry Stock Up 0.1 %

NYSE:KFY traded up $0.04 on Thursday, reaching $66.51. The stock had a trading volume of 435,950 shares, compared to its average volume of 360,467. The company has a 50-day moving average of $67.52 and a 200 day moving average of $70.75. 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 $3.43 billion, a P/E ratio of 14.21 and a beta of 1.57. Korn Ferry has a 12-month low of $59.78 and a 12-month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $650.45 million. During the same quarter last year, the firm earned $1.07 EPS. Korn Ferry's quarterly revenue was down .1% on a year-over-year basis. On average, research analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 2.89%. Korn Ferry's dividend payout ratio is currently 31.62%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KFY shares. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research note on Tuesday, December 17th. Truist Financial boosted their price target 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.