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

Millennium Management LLC decreased its stake in Korn Ferry (NYSE:KFY - Free Report) by 75.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,710 shares of the business services provider's stock after selling 58,932 shares during the quarter. Millennium Management LLC's holdings in Korn Ferry were worth $1,262,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KFY. Wealthfront Advisers LLC purchased a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $76,000. Smartleaf Asset Management LLC boosted its stake in Korn Ferry by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after buying an additional 963 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Korn Ferry by 828.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after buying an additional 1,491 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Korn Ferry in the 4th quarter valued at $122,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Korn Ferry in the 4th quarter worth $162,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn Ferry Trading Up 1.0%

Shares of KFY stock traded up $0.70 on Friday, hitting $69.88. The stock had a trading volume of 215,059 shares, compared to its average volume of 378,971. The company's 50 day moving average price is $65.04 and its 200-day moving average price is $67.73. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $3.60 billion, a P/E ratio of 14.93 and a beta of 1.42.

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

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's dividend payout ratio is currently 41.29%.

Wall Street Analyst Weigh In

KFY has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Truist Financial lowered their price objective 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. Finally, UBS Group reduced their target price on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 27th.

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.