Korn Ferry (NYSE:KFY) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. reduced its position in Korn Ferry (NYSE:KFY - Free Report) by 74.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,139 shares of the business services provider's stock after selling 9,279 shares during the quarter. Point72 Asset Management L.P.'s holdings in Korn Ferry were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KFY. Barclays PLC grew its holdings in Korn Ferry by 129.0% in the third quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock worth $18,053,000 after purchasing an additional 135,148 shares during the last quarter. HB Wealth Management LLC purchased a new position in Korn Ferry in the fourth quarter worth $219,000. SG Americas Securities LLC grew its holdings in Korn Ferry by 202.4% in the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider's stock worth $644,000 after purchasing an additional 6,393 shares during the last quarter. Janney Montgomery Scott LLC grew 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 buying an additional 529 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of 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 buying an additional 991 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a report on Saturday. UBS Group dropped their price objective on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Truist Financial dropped their price objective on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th.

Korn Ferry Stock Performance

NYSE KFY traded down $0.83 on Wednesday, reaching $67.85. 248,039 shares of the company's stock traded hands, compared to its average volume of 376,272. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 14.50 and a beta of 1.41. The stock has a 50 day moving average price of $64.93 and a 200-day moving average price of $68.08. Korn Ferry has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities research analysts predict that Korn Ferry will post 4.75 EPS 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 was Thursday, March 27th. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a yield of 2.83%. Korn Ferry's payout ratio is currently 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.