Nuveen Asset Management LLC Trims Stock Position in Korn Ferry (NYSE:KFY)

Nuveen Asset Management LLC decreased its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,939 shares of the business services provider's stock after selling 25,270 shares during the period. Nuveen Asset Management LLC owned about 0.42% of Korn Ferry worth $14,565,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Korn Ferry by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,558 shares of the business services provider's stock valued at $1,994,000 after buying an additional 1,140 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Korn Ferry by 7.4% during the fourth quarter. Janus Henderson Group PLC now owns 23,181 shares of the business services provider's stock valued at $1,562,000 after buying an additional 1,600 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Korn Ferry during the fourth quarter valued at approximately $644,000. Deutsche Bank AG boosted its position in shares of Korn Ferry by 51.0% during the fourth quarter. Deutsche Bank AG now owns 45,057 shares of the business services provider's stock valued at $3,039,000 after buying an additional 15,226 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of Korn Ferry by 43.4% during 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 buying an additional 29,200 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Performance

KFY stock traded down $0.83 during midday trading on Wednesday, hitting $67.85. The company's stock had a trading volume of 248,039 shares, compared to its average volume of 376,272. The stock's 50-day moving average price is $64.93 and its 200 day moving average price is $68.08. 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 stock has a market cap of $3.50 billion, a price-to-earnings ratio of 14.50 and a beta of 1.41.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $650.45 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently declared 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 represents a $1.92 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Thursday, March 27th. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio is currently 41.29%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group cut 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. Wall Street Zen raised Korn Ferry from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Truist Financial cut their price objective 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 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.