Korn Ferry (NYSE:KFY) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its holdings in Korn Ferry (NYSE:KFY - Free Report) by 27.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 97,853 shares of the business services provider's stock after selling 37,081 shares during the period. Prudential Financial Inc. owned 0.19% of Korn Ferry worth $6,600,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC purchased a new stake in Korn Ferry during the 4th quarter valued at approximately $76,000. Smartleaf Asset Management LLC increased its holdings in shares of Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after purchasing an additional 963 shares during the period. Venturi Wealth Management LLC purchased a new position in Korn Ferry in the 4th quarter valued at $122,000. KBC Group NV lifted its stake in shares of Korn Ferry by 68.5% in the 4th 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 during the period. Finally, Glenmede Trust Co. NA acquired a new position in shares of Korn Ferry during the third quarter worth about $203,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn Ferry Price Performance

Shares of KFY stock traded down $1.88 during midday trading on Friday, reaching $62.41. 585,955 shares of the company traded hands, compared to its average volume of 368,977. The firm's 50 day simple moving average is $67.08 and its two-hundred day simple moving average is $70.33. The firm has a market cap of $3.22 billion, a PE ratio of 13.33 and a beta of 1.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Korn Ferry has a 1-year low of $59.78 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.06. The firm had revenue of $676.50 million during the quarter, compared to analysts' expectations of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, equities research analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.08%. This is a boost 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 is presently 41.29%.

Analyst Ratings Changes

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