Korn Ferry (NYSE:KFY) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its holdings in shares of Korn Ferry (NYSE:KFY) by 38.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,251 shares of the business services provider’s stock after selling 8,907 shares during the period. Gotham Asset Management LLC’s holdings in Korn Ferry were worth $961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KFY. 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 worth $18,053,000 after acquiring an additional 135,148 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Korn Ferry by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 25,133 shares of the business services provider’s stock worth $1,824,000 after acquiring an additional 1,663 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Korn Ferry during the 4th quarter worth about $222,000. Wedge Capital Management L L P NC raised its position in shares of Korn Ferry by 6.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 77,613 shares of the business services provider’s stock worth $5,235,000 after acquiring an additional 4,388 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Korn Ferry during the 4th quarter worth about $219,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial cut their target price on Korn Ferry from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th.

Korn Ferry Trading Up 0.4%

KFY opened at $68.52 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 14.64 and a beta of 1.41. Korn Ferry has a 52 week low of $59.23 and a 52 week high of $80.64. The business’s 50 day moving average is $64.79 and its two-hundred day moving average is $68.39. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Korn Ferry (NYSE:KFY) 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. The company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. On average, research analysts predict that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a dividend of $0.48 per share. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 annualized dividend and a yield of 2.80%. Korn Ferry’s payout ratio is 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.