Proficio Capital Partners LLC Makes New Investment in Korn Ferry (NYSE:KFY)

Proficio Capital Partners LLC acquired a new position in Korn Ferry (NYSE:KFY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,163 shares of the business services provider's stock, valued at approximately $685,000.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in shares of Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after purchasing an additional 963 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Korn Ferry during the 4th quarter valued at approximately $122,000. KBC Group NV lifted its position in shares of Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock worth $171,000 after acquiring an additional 1,033 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in Korn Ferry during the 3rd quarter valued at about $203,000. Finally, MML Investors Services LLC bought a new stake in Korn Ferry during the 3rd quarter worth approximately $209,000. Institutional investors own 98.82% of the company's stock.

Korn Ferry Trading Up 0.4 %

Shares of KFY stock traded up $0.30 on Wednesday, hitting $68.36. 244,419 shares of the company's stock traded hands, compared to its average volume of 341,103. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 14.61 and a beta of 1.57. The company's fifty day simple moving average is $67.62 and its 200 day simple moving average is $70.51. Korn Ferry has a one year low of $59.78 and a one year high of $80.64.

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Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping 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 the consensus estimate of $650.45 million. During the same quarter in the previous year, the business earned $1.07 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. Equities analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, March 27th. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio is 41.29%.

Wall Street Analyst Weigh In

KFY has been the topic of several research analyst reports. StockNews.com upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial upped their price objective on Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, December 6th.

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.