UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Korn Ferry (NYSE:KFY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,536 shares of the business services provider's stock after acquiring an additional 15,179 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Korn Ferry worth $10,896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KFY. Barclays PLC increased its position in Korn Ferry by 129.0% during the third quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock valued at $18,053,000 after acquiring an additional 135,148 shares during the last quarter. SG Americas Securities LLC increased its position in 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 acquiring an additional 6,393 shares during the last quarter. Janney Montgomery Scott LLC increased its position in 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 acquiring an additional 529 shares during the last quarter. Blue Trust Inc. increased its position in Korn Ferry by 44.8% during the fourth quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock valued at $216,000 after acquiring an additional 991 shares during the last quarter. Finally, KBC Group NV increased its position in Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock valued at $171,000 after acquiring an additional 1,033 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Performance

KFY traded down $0.31 during midday trading on Monday, reaching $67.70. The company had a trading volume of 350,827 shares, compared to its average volume of 377,056. 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 1 year low of $59.23 and a 1 year high of $80.64. The business has a 50-day moving average of $64.96 and a two-hundred day moving average of $67.79. The company has a market cap of $3.49 billion, a P/E ratio of 14.47 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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $650.45 million. During the same quarter last year, the business posted $1.07 earnings per share. The firm's revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KFY. Wall Street Zen upgraded Korn Ferry from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. UBS Group reduced their price target on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Finally, Truist Financial reduced their price target on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th.

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.