Teacher Retirement System of Texas Trims Holdings in Korn Ferry (NYSE:KFY)

Teacher Retirement System of Texas trimmed its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 48.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,319 shares of the business services provider's stock after selling 54,772 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of Korn Ferry worth $3,866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new position in Korn Ferry in the 4th quarter valued at $76,000. Smartleaf Asset Management LLC raised its position in shares of Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after buying an additional 963 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Korn Ferry during the fourth quarter valued at $122,000. KBC Group NV grew its position in Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock worth $171,000 after buying an additional 1,033 shares in the last quarter. Finally, Highland Capital Management LLC bought a new position in Korn Ferry in the 4th quarter worth about $201,000. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KFY. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial increased their price objective on Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, December 6th.

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Korn Ferry Trading Down 1.0 %

Shares of KFY stock traded down $0.66 on Friday, hitting $68.04. 428,732 shares of the company's stock traded hands, compared to its average volume of 364,582. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.54 and a beta of 1.57. The company's fifty day simple moving average is $67.57 and its 200 day simple moving average is $70.48. Korn Ferry has a one year low of $59.78 and a one year high of $80.64. 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 (NYSE:KFY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the previous year, the business earned $1.07 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. Equities analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.82%. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date is Thursday, March 27th. Korn Ferry's payout ratio is presently 41.29%.

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.