159,032 Shares in Korn Ferry (NYSE:KFY) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. 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 Securities and Exchange Commission. The firm purchased 159,032 shares of the business services provider's stock, valued at approximately $10,727,000. Raymond James Financial Inc. owned 0.31% of Korn Ferry as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc boosted its holdings in shares of Korn Ferry by 34.4% in the third quarter. Atria Investments Inc now owns 4,097 shares of the business services provider's stock worth $308,000 after buying an additional 1,049 shares during the period. Empowered Funds LLC purchased a new position in Korn Ferry during the 3rd quarter worth approximately $1,214,000. Natixis Advisors LLC grew its position in Korn Ferry by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 43,423 shares of the business services provider's stock worth $3,267,000 after purchasing an additional 986 shares in the last quarter. Banque Cantonale Vaudoise raised its position in Korn Ferry by 103.8% during the third quarter. Banque Cantonale Vaudoise now owns 3,354 shares of the business services provider's stock valued at $252,000 after buying an additional 1,708 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Korn Ferry by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider's stock valued at $74,337,000 after purchasing an additional 115,523 shares during the period. Hedge funds and other institutional investors own 98.82% of the company's stock.

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Korn Ferry Stock Up 2.5 %

KFY stock traded up $1.68 during trading hours on Monday, hitting $68.28. The company's stock had a trading volume of 426,798 shares, compared to its average volume of 341,095. The company has a market capitalization of $3.52 billion, a PE ratio of 14.59 and a beta of 1.57. The stock has a 50 day moving average price of $67.60 and a two-hundred day moving average price of $70.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. 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 (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 during the quarter, compared to analysts' expectations of $650.45 million. During the same period in the prior year, the company posted $1.07 earnings per share. Korn Ferry's revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently announced 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. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry's payout ratio is 41.29%.

Analyst Ratings Changes

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 report on Tuesday, December 17th. Truist Financial boosted their target price on Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a research note 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.