BNP Paribas Financial Markets Sells 19,408 Shares of Korn Ferry (NYSE:KFY)

BNP Paribas Financial Markets reduced its holdings in Korn Ferry (NYSE:KFY - Free Report) by 72.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,446 shares of the business services provider's stock after selling 19,408 shares during the quarter. BNP Paribas Financial Markets' holdings in Korn Ferry were worth $502,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Aristeia Capital L.L.C. bought a new stake in shares of Korn Ferry in the 4th quarter valued at $306,000. AXA S.A. lifted its stake in shares of Korn Ferry by 2.6% in the fourth quarter. AXA S.A. now owns 72,684 shares of the business services provider's stock valued at $4,903,000 after buying an additional 1,827 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Korn Ferry in the fourth quarter valued at $457,000. Comerica Bank lifted its stake in shares of Korn Ferry by 0.9% in the fourth quarter. Comerica Bank now owns 47,055 shares of the business services provider's stock valued at $3,174,000 after buying an additional 402 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Korn Ferry by 11.6% in the fourth quarter. Northern Trust Corp now owns 717,268 shares of the business services provider's stock valued at $48,380,000 after buying an additional 74,289 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KFY shares. Wall Street Zen raised shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a research report on Saturday. UBS Group reduced their target price on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Truist Financial reduced their target price on shares of 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 Price Performance

NYSE:KFY traded down $0.66 during mid-day trading on Wednesday, hitting $68.02. 96,873 shares of the stock traded hands, compared to its average volume of 375,709. 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 has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a market cap of $3.51 billion, a PE ratio of 14.58 and a beta of 1.41. The business's 50-day moving average price is $64.93 and its 200 day moving average price is $68.08.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The business had revenue of $676.50 million during the quarter, compared to analysts' expectations of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.82%. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date was Thursday, March 27th. Korn Ferry's payout ratio is presently 41.29%.

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.