Korn Ferry (NYSE:KFY) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Korn Ferry (NYSE:KFY) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 11,104 shares of the business services provider’s stock after selling 172 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Korn Ferry were worth $749,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KFY. JPMorgan Chase & Co. increased its position in shares of Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock worth $32,050,000 after acquiring an additional 281,024 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider’s stock worth $76,458,000 after acquiring an additional 184,170 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Korn Ferry in the 4th quarter valued at approximately $10,727,000. Barclays PLC raised its position in shares of Korn Ferry by 129.0% during the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider’s stock valued at $18,053,000 after acquiring an additional 135,148 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Korn Ferry by 14.2% during the fourth quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider’s stock worth $50,818,000 after purchasing an additional 93,591 shares during the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KFY. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial upped their target price on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Korn Ferry Stock Up 0.4 %

Korn Ferry stock opened at $68.36 on Thursday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 14.61 and a beta of 1.57. The company has a 50-day simple moving average of $67.59 and a 200-day simple moving average of $70.49. 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) last announced its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 earnings per share. As a group, equities analysts expect that Korn Ferry will post 4.75 earnings per share 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 issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.81%. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry’s dividend payout ratio (DPR) is 41.29%.

About Korn Ferry

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.