Aristeia Capital L.L.C. Invests $306,000 in Korn Ferry (NYSE:KFY)

Aristeia Capital L.L.C. bought a new position in shares of Korn Ferry (NYSE:KFY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,544 shares of the business services provider's stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KFY. Invesco Ltd. lifted its stake in shares of Korn Ferry by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock worth $124,161,000 after acquiring an additional 97,811 shares during the period. Thrivent Financial for Lutherans boosted its position in Korn Ferry by 19.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after purchasing an additional 184,170 shares during the period. Jennison Associates LLC boosted its stake in Korn Ferry by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider's stock worth $72,024,000 after purchasing an additional 79,808 shares during the period. Victory Capital Management Inc. increased its stake in Korn Ferry by 11.5% in the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider's stock worth $59,948,000 after acquiring an additional 91,461 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Korn Ferry by 3.8% in the 4th quarter. Royce & Associates LP now owns 846,195 shares of the business services provider's stock worth $57,076,000 after purchasing an additional 30,959 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Up 0.9 %

Shares of KFY stock traded up $0.60 during trading hours on Wednesday, reaching $64.39. 252,453 shares of the company's stock were exchanged, compared to its average volume of 378,829. The stock has a market cap of $3.32 billion, a PE ratio of 13.76 and a beta of 1.41. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average price is $64.41 and its two-hundred day moving average price is $68.54.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results 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 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 business's revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. Research analysts predict that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a $0.48 dividend. The ex-dividend date was Thursday, March 27th. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.98%. Korn Ferry's dividend payout ratio is currently 41.29%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their price target 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.

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.