Korn Ferry (NYSE:KFY) Position Raised by Castleark Management LLC

Castleark Management LLC boosted its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,240 shares of the business services provider's stock after acquiring an additional 16,350 shares during the period. Castleark Management LLC owned 0.15% of Korn Ferry worth $5,075,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Korn Ferry by 10.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 161,536 shares of the business services provider's stock worth $10,896,000 after purchasing an additional 15,179 shares during the last quarter. Sovereign s Capital Management LLC purchased a new stake in Korn Ferry in the fourth quarter valued at approximately $1,221,000. Two Sigma Advisers LP acquired a new stake in shares of Korn Ferry in the fourth quarter worth $371,000. Two Sigma Investments LP purchased a new stake in shares of Korn Ferry in the fourth quarter worth about $1,593,000. Finally, Tidal Investments LLC grew its stake in shares of Korn Ferry by 5,931.0% during the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after purchasing an additional 346,193 shares during the period. Institutional investors own 98.82% of the company's stock.

Analysts Set New Price Targets

KFY has been the topic of several research analyst reports. Wall Street Zen raised Korn Ferry from a "buy" rating to a "strong-buy" rating in a report on Saturday. Truist Financial reduced their price target on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

Korn Ferry Stock Performance

Shares of NYSE KFY traded up $1.02 during mid-day trading on Tuesday, hitting $68.50. 58,175 shares of the company were exchanged, compared to its average volume of 376,050. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 14.63 and a beta of 1.41. The stock has a 50 day simple moving average of $64.90 and a 200-day simple moving average of $68.07. Korn Ferry has a 1-year low of $59.23 and a 1-year 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.

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

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were paid 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 dividend 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 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.