Korn Ferry (NYSE:KFY) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its position in Korn Ferry (NYSE:KFY - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,214 shares of the business services provider's stock after buying an additional 14,157 shares during the period. Sei Investments Co. owned about 0.35% of Korn Ferry worth $12,223,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Xponance Inc. increased its position in Korn Ferry by 41.5% during the 4th quarter. Xponance Inc. now owns 4,820 shares of the business services provider's stock worth $325,000 after purchasing an additional 1,413 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Korn Ferry by 19.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after buying an additional 184,170 shares during the period. William Blair Investment Management LLC grew its stake in Korn Ferry by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 476,624 shares of the business services provider's stock worth $32,148,000 after buying an additional 11,634 shares during the period. Cibc World Markets Corp purchased a new position in shares of Korn Ferry in the 4th quarter valued at $328,000. Finally, Royce & Associates LP raised its stake in shares of Korn Ferry by 3.8% in the 4th quarter. Royce & Associates LP now owns 846,195 shares of the business services provider's stock valued at $57,076,000 after acquiring an additional 30,959 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Down 6.6 %

Korn Ferry stock traded down $4.56 during midday trading on Thursday, hitting $64.31. 816,249 shares of the stock were exchanged, compared to its average volume of 367,883. 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 firm has a market cap of $3.32 billion, a P/E ratio of 13.74 and a beta of 1.57. The company has a 50 day moving average price of $67.25 and a two-hundred day moving average price of $70.39.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings results 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 business had revenue of $676.50 million for the quarter, compared to analysts' expectations of $650.45 million. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company's revenue was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal 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 paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.99%. 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 payout ratio is 41.29%.

Analyst Upgrades and Downgrades

Several analysts 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 increased 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.