Short Interest in Korn Ferry (NYSE:KFY) Decreases By 29.1%

Korn Ferry (NYSE:KFY - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 843,600 shares, a drop of 29.1% from the March 15th total of 1,190,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 440,200 shares, the days-to-cover ratio is presently 1.9 days.

Korn Ferry Stock Performance

Korn Ferry stock traded up $0.97 during mid-day trading on Wednesday, hitting $61.89. 202,302 shares of the company's stock traded hands, compared to its average volume of 374,964. The company has a market cap of $3.19 billion, a PE ratio of 13.22 and a beta of 1.40. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $65.04 and a 200 day moving average price of $69.19. Korn Ferry has a one year low of $59.23 and a one year high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its 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. The firm had revenue of $676.50 million for 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%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, equities analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a $0.48 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 3.10%. Korn Ferry's payout ratio is 41.29%.

Analyst Ratings Changes

Separately, Truist Financial dropped their price objective on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th.

Hedge Funds Weigh In On Korn Ferry

Several large investors have recently made changes to their positions in KFY. Versant Capital Management Inc grew its position in Korn Ferry by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after buying an additional 223 shares during the last quarter. CX Institutional acquired a new position in shares of Korn Ferry in the 1st quarter worth $39,000. Wealthfront Advisers LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth $76,000. Smartleaf Asset Management LLC lifted its holdings in shares of Korn Ferry by 230.4% during 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 last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of Korn Ferry by 828.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after purchasing an additional 1,491 shares during the period. Institutional investors own 98.82% of the company's stock.

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.