Pzena Investment Management LLC Lowers Position in Korn Ferry (NYSE:KFY)

Pzena Investment Management LLC cut its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,001,715 shares of the business services provider's stock after selling 20,497 shares during the quarter. Pzena Investment Management LLC owned 1.94% of Korn Ferry worth $67,566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its position in Korn Ferry by 2.0% during the 3rd quarter. State Street Corp now owns 2,069,906 shares of the business services provider's stock worth $156,503,000 after acquiring an additional 40,240 shares during the period. Pacer Advisors Inc. acquired a new stake in Korn Ferry during the 3rd quarter worth about $103,546,000. Geode Capital Management LLC boosted its position in Korn Ferry by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,031 shares of the business services provider's stock worth $91,587,000 after acquiring an additional 28,014 shares during the period. Jennison Associates LLC boosted its position in Korn Ferry by 8.1% during the 4th quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider's stock worth $72,024,000 after acquiring an additional 79,808 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Korn Ferry by 7.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider's stock worth $71,431,000 after acquiring an additional 62,385 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 Performance

KFY traded up $0.93 on Friday, hitting $67.39. The company had a trading volume of 515,268 shares, compared to its average volume of 348,340. The company's fifty day moving average price is $67.50 and its 200 day moving average price is $70.69. Korn Ferry has a 1-year low of $59.78 and a 1-year high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 14.40 and a beta of 1.57.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share 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 analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. Equities analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend 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 (DPR) is presently 31.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th. Truist Financial lifted their price target 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.