Aristeia Capital L.L.C. Buys Shares of 4,544 Korn Ferry (NYSE:KFY)

Aristeia Capital L.L.C. bought a new position in shares of Korn Ferry (NYSE:KFY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,544 shares of the business services provider's stock, valued at approximately $306,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in Korn Ferry by 129.0% during the third quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock valued at $18,053,000 after acquiring an additional 135,148 shares during the period. Franklin Resources Inc. grew its stake in shares of Korn Ferry by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 25,133 shares of the business services provider's stock valued at $1,824,000 after purchasing an additional 1,663 shares during the period. Principal Financial Group Inc. raised its stake in Korn Ferry by 5.7% during the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock worth $20,463,000 after acquiring an additional 14,601 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock worth $32,050,000 after buying an additional 281,024 shares in the last quarter. Finally, Heritage Family Offices LLP grew its holdings in shares of Korn Ferry by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock worth $260,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 98.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price target on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th.

Korn Ferry Stock Performance

Shares of KFY traded down $0.58 during mid-day trading on Friday, reaching $66.01. The company's stock had a trading volume of 68,962 shares, compared to its average volume of 376,349. Korn Ferry has a 1-year low of $59.23 and a 1-year high of $80.64. The stock has a market cap of $3.40 billion, a P/E ratio of 14.10 and a beta of 1.41. The business has a 50-day simple moving average of $64.45 and a two-hundred day simple moving average of $68.49. 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 (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.06. The firm had revenue of $676.50 million for the quarter, compared to analysts' expectations of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 EPS. As a group, equities research analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were paid a $0.48 dividend. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 27th. 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.