Bridgeway Capital Management LLC Buys 29,200 Shares of Korn Ferry (NYSE:KFY)

Bridgeway Capital Management LLC boosted its position in Korn Ferry (NYSE:KFY - Free Report) by 43.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,492 shares of the business services provider's stock after purchasing an additional 29,200 shares during the period. Bridgeway Capital Management LLC owned approximately 0.19% of Korn Ferry worth $6,508,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its stake in shares of Korn Ferry by 1.2% in the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock worth $1,018,000 after acquiring an additional 176 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Korn Ferry by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock valued at $366,000 after purchasing an additional 225 shares during the last quarter. Savant Capital LLC raised its position in shares of Korn Ferry by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock worth $245,000 after acquiring an additional 249 shares during the last quarter. Heritage Family Offices LLP lifted its position in Korn Ferry by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock valued at $260,000 after purchasing an additional 259 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Korn Ferry by 1.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider's stock worth $1,874,000 after buying an additional 343 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Korn Ferry Stock Up 2.0%

KFY traded up $1.35 during midday trading on Monday, hitting $67.40. The company had a trading volume of 46,588 shares, compared to its average volume of 375,378. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 14.39 and a beta of 1.41. Korn Ferry has a 52 week low of $59.23 and a 52 week high of $80.64. The stock's 50 day moving average price is $64.49 and its 200 day moving average price is $68.45. 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 - Get Free Report) last announced 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 company had revenue of $676.50 million during 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 firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. On average, research analysts anticipate 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. Investors of record on Thursday, March 27th were issued a $0.48 dividend. 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 2.85%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's payout ratio is presently 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.