Korn Ferry (NYSE:KFY) Short Interest Update

Korn Ferry (NYSE:KFY - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,350,000 shares, a growth of 21.6% from the February 13th total of 1,110,000 shares. Approximately 2.7% of the company's shares are sold short. Based on an average daily trading volume, of 375,300 shares, the short-interest ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KFY shares. 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. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th.

Korn Ferry Stock Down 0.8 %

Shares of NYSE KFY traded down $0.51 during mid-day trading on Friday, hitting $66.37. 2,455,867 shares of the stock traded hands, compared to its average volume of 340,752. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Korn Ferry has a 52 week low of $59.78 and a 52 week high of $80.64. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 14.18 and a beta of 1.57. The stock has a fifty day moving average price of $67.60 and a 200-day moving average price of $70.50.

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Korn Ferry (NYSE:KFY - Get Free Report) last released 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. 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 the consensus estimate of $650.45 million. During the same period in the previous year, the company posted $1.07 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts anticipate 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 will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 2.89%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's payout ratio is currently 41.29%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KFY. Pacer Advisors Inc. purchased a new position in shares of Korn Ferry in the third quarter worth $103,546,000. Wellington Management Group LLP purchased a new position in shares of Korn Ferry in the fourth quarter worth $51,454,000. Norges Bank purchased a new position in shares of Korn Ferry in the fourth quarter worth $42,360,000. Rockefeller Capital Management L.P. raised its stake in shares of Korn Ferry by 113.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock worth $55,724,000 after purchasing an additional 438,644 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Korn Ferry by 5,931.0% in the fourth quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after purchasing an additional 346,193 shares during the last quarter. Hedge funds and other 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.