Proficio Capital Partners LLC Takes Position in Korn Ferry (NYSE:KFY)

Proficio Capital Partners LLC bought a new stake in Korn Ferry (NYSE:KFY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,163 shares of the business services provider’s stock, valued at approximately $685,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Korn Ferry by 230.4% in the 4th 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 in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Korn Ferry in the 4th quarter valued at $122,000. KBC Group NV boosted its stake in shares of Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,033 shares in the last quarter. Highland Capital Management LLC acquired a new stake in shares of Korn Ferry in the 4th quarter valued at $201,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Korn Ferry in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Ratings Changes

KFY has been the topic of a number of research reports. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Truist Financial upped their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

Korn Ferry Stock Down 0.8 %

Shares of NYSE:KFY opened at $66.37 on Friday. Korn Ferry has a one year low of $59.78 and a one year high of $80.64. The company has a 50 day moving average of $67.60 and a 200-day moving average of $70.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 14.18 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last issued 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. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $676.50 million during the quarter, compared to analysts’ expectations of $650.45 million. During the same quarter in the previous year, the company earned $1.07 EPS. Korn Ferry’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.48 per share. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, March 27th. Korn Ferry’s payout ratio is presently 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.