Korn Ferry (NYSE:KFY) Stock Holdings Lessened by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in shares of Korn Ferry (NYSE:KFY) by 37.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,092 shares of the business services provider’s stock after selling 16,331 shares during the period. Natixis Advisors LLC owned 0.05% of Korn Ferry worth $1,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Arizona State Retirement System raised its position in shares of Korn Ferry by 1.2% during the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock worth $1,018,000 after purchasing an additional 176 shares during the period. Savant Capital LLC grew its stake in Korn Ferry by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock worth $245,000 after buying an additional 249 shares during the last quarter. Heritage Family Offices LLP increased its position in Korn Ferry by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock worth $260,000 after buying an additional 259 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in Korn Ferry by 1.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 343 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Korn Ferry by 3.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider’s stock valued at $861,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $68.28 on Tuesday. The stock has a market cap of $3.52 billion, a P/E ratio of 14.59 and a beta of 1.57. The firm’s 50-day simple moving average is $67.62 and its 200 day simple moving average is $70.50. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64. 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 analysts’ consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. Equities analysts expect 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 will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be paid 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 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, March 27th. Korn Ferry’s dividend payout ratio (DPR) is presently 41.29%.

Wall Street Analyst Weigh In

KFY has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th.

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.