Korn Ferry (NYSE:KFY) Shares Sold by Ariel Investments LLC

Ariel Investments LLC lowered its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 8.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 566,567 shares of the business services provider's stock after selling 51,160 shares during the period. Ariel Investments LLC owned about 1.10% of Korn Ferry worth $38,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new stake in Korn Ferry during the fourth quarter worth $76,000. Smartleaf Asset Management LLC lifted its holdings 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. Sterling Capital Management LLC increased its holdings in shares of Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock worth $113,000 after purchasing an additional 1,491 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Korn Ferry during the fourth quarter worth about $122,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Korn Ferry during the 4th quarter valued at $162,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Analysts Set New Price Targets

Separately, Truist Financial reduced their target price on shares of 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 Stock Performance

Shares of NYSE KFY traded up $0.24 during midday trading on Tuesday, reaching $63.89. The company had a trading volume of 195,423 shares, compared to its average volume of 379,335. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64. The business's 50-day simple moving average is $64.42 and its 200 day simple moving average is $68.57. The stock has a market cap of $3.30 billion, a P/E ratio of 13.65 and a beta of 1.41.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. The firm had revenue of $676.50 million during 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. On average, analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Thursday, March 27th. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's payout ratio is currently 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.