BNP Paribas Financial Markets Lowers Stock Holdings in Korn Ferry (NYSE:KFY)

BNP Paribas Financial Markets trimmed its holdings in Korn Ferry (NYSE:KFY - Free Report) by 72.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,446 shares of the business services provider's stock after selling 19,408 shares during the period. BNP Paribas Financial Markets' holdings in Korn Ferry were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP purchased a new position in shares of Korn Ferry during the 4th quarter valued at $51,454,000. Norges Bank bought a new stake in shares of Korn Ferry during the fourth quarter valued at approximately $42,360,000. Rockefeller Capital Management L.P. grew its stake in shares of Korn Ferry by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock worth $55,724,000 after buying an additional 438,644 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of 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 valued at $76,458,000 after purchasing an additional 184,170 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Korn Ferry in the fourth quarter worth about $10,727,000. Institutional investors own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

KFY has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. UBS Group decreased their price target on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Wall Street Zen upgraded Korn Ferry from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Korn Ferry Stock Performance

Shares of KFY traded up $1.18 during trading hours on Tuesday, reaching $68.66. 255,388 shares of the company traded hands, compared to its average volume of 376,784. The business has a fifty day moving average price of $64.90 and a 200-day moving average price of $68.07. Korn Ferry has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.54 billion, a P/E ratio of 14.67 and a beta of 1.41.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its 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. 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 the consensus estimate of $650.45 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company's revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Korn Ferry will post 4.75 EPS for the current fiscal 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 issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio (DPR) 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.