ProShare Advisors LLC Buys 4,802 Shares of Korn Ferry (NYSE:KFY)

ProShare Advisors LLC lifted its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,651 shares of the business services provider's stock after buying an additional 4,802 shares during the period. ProShare Advisors LLC's holdings in Korn Ferry were worth $1,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KFY. Wellington Management Group LLP bought a new stake in shares of Korn Ferry during the 4th quarter worth about $51,454,000. Norges Bank bought a new stake in Korn Ferry during the fourth quarter worth approximately $42,360,000. Rockefeller Capital Management L.P. lifted its position in Korn Ferry by 113.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock worth $55,724,000 after purchasing an additional 438,644 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Korn Ferry by 19.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock valued at $76,458,000 after purchasing an additional 184,170 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Korn Ferry in the 4th quarter worth $10,727,000. 98.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a research note on Saturday. UBS Group reduced their target price on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Truist Financial decreased their price target on shares of 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 Stock Down 1.0%

NYSE:KFY traded down $0.66 during trading hours on Wednesday, hitting $68.02. 35,582 shares of the company's stock traded hands, compared to its average volume of 375,450. The stock's fifty day moving average price is $64.93 and its two-hundred day moving average price is $68.08. The firm has a market cap of $3.51 billion, a P/E ratio of 14.54 and a beta of 1.41. 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 has a twelve month low of $59.23 and a twelve month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share 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 company had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the prior year, the company earned $1.07 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal 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 paid a dividend of $0.48 per share. The ex-dividend date of this dividend 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 dividend yield of 2.82%. Korn Ferry's dividend payout ratio (DPR) is 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.