Jefferies Financial Group Inc. Buys New Position in Korn Ferry (NYSE:KFY)

Jefferies Financial Group Inc. bought a new position in Korn Ferry (NYSE:KFY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,553 shares of the business services provider's stock, valued at approximately $644,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in Korn Ferry by 129.0% during the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock valued at $18,053,000 after purchasing an additional 135,148 shares during the period. SG Americas Securities LLC increased its holdings in shares of Korn Ferry by 202.4% during the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider's stock valued at $644,000 after purchasing an additional 6,393 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Korn Ferry by 3.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,571 shares of the business services provider's stock valued at $1,050,000 after purchasing an additional 529 shares during the period. Blue Trust Inc. lifted its holdings in Korn Ferry by 44.8% in the fourth quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock worth $216,000 after purchasing an additional 991 shares during the period. Finally, KBC Group NV grew its position in Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock valued at $171,000 after buying an additional 1,033 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Korn Ferry Trading Down 0.4%

Korn Ferry stock traded down $0.26 during trading hours on Friday, reaching $68.04. 361,946 shares of the company's stock traded hands, compared to its average volume of 377,165. Korn Ferry has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm's 50 day moving average is $64.96 and its 200-day moving average is $67.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.54 and a beta of 1.41.

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

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.82%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's payout ratio is 41.29%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KFY. Truist Financial reduced 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. Wall Street Zen raised shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Finally, UBS Group cut their price objective on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday.

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.