Korn Ferry (NYSE:KFY) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its holdings in Korn Ferry (NYSE:KFY - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,251 shares of the business services provider's stock after selling 8,907 shares during the period. Gotham Asset Management LLC's holdings in Korn Ferry were worth $961,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KFY. Deutsche Bank AG lifted its position in shares of Korn Ferry by 51.0% in the fourth quarter. Deutsche Bank AG now owns 45,057 shares of the business services provider's stock valued at $3,039,000 after acquiring an additional 15,226 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Korn Ferry by 43.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 96,492 shares of the business services provider's stock valued at $6,508,000 after acquiring an additional 29,200 shares in the last quarter. Aristeia Capital L.L.C. purchased a new position in shares of Korn Ferry in the fourth quarter valued at approximately $306,000. AXA S.A. lifted its position 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 acquiring an additional 1,827 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Korn Ferry in the fourth quarter valued at approximately $457,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their target price on 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 Price Performance

Shares of NYSE KFY traded down $1.36 during midday trading on Wednesday, hitting $67.71. The stock had a trading volume of 220,886 shares, compared to its average volume of 376,234. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64. The company has a market capitalization of $3.49 billion, a PE ratio of 14.47 and a beta of 1.41. 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 50 day simple moving average of $64.89 and a 200-day simple moving average of $68.37.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. On average, sell-side analysts expect 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. Investors of record on Thursday, March 27th were given a dividend of $0.48 per share. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, March 27th. Korn Ferry's dividend payout ratio (DPR) is presently 41.29%.

Korn Ferry 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.