Korn Ferry (NYSE:KFY) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in Korn Ferry (NYSE:KFY - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,161,764 shares of the business services provider's stock after selling 11,809 shares during the quarter. Dimensional Fund Advisors LP owned 6.13% of Korn Ferry worth $213,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arizona State Retirement System grew its stake 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. Summit Investment Advisors Inc. grew its position in 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 worth $366,000 after buying an additional 225 shares during the period. Savant Capital LLC grew its position in 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 buying an additional 249 shares during the period. Heritage Family Offices LLP increased its holdings 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 valued at $260,000 after buying an additional 259 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted 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 valued at $1,874,000 after acquiring an additional 343 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 traded down $0.85 on Monday, hitting $61.00. The company's stock had a trading volume of 56,132 shares, compared to its average volume of 377,685. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a 50 day moving average of $64.75 and a 200-day moving average of $68.97. Korn Ferry has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 13.08 and a beta of 1.40.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million for the quarter, compared to analysts' expectations of $650.45 million. During the same quarter in the prior year, the firm earned $1.07 EPS. Korn Ferry's quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts predict that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's dividend payout ratio is 41.29%.

Analyst Upgrades and Downgrades

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

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.