18,103 Shares in Korn Ferry (NYSE:KFY) Acquired by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC bought a new position in Korn Ferry (NYSE:KFY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,103 shares of the business services provider's stock, valued at approximately $1,221,000.

Several other hedge funds also recently made changes to their positions in KFY. Wealthfront Advisers LLC purchased a new position in Korn Ferry during the 4th quarter valued at $76,000. Smartleaf Asset Management LLC increased its position in Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after purchasing an additional 963 shares during the period. Sterling Capital Management LLC increased its position in Korn Ferry by 828.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after purchasing an additional 1,491 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Korn Ferry during the 4th quarter valued at $122,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Korn Ferry during the 4th quarter valued at $162,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their target price 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

Shares of NYSE:KFY traded up $0.22 during trading on Thursday, hitting $68.07. The company's stock had a trading volume of 219,616 shares, compared to its average volume of 376,863. The company has a 50-day moving average of $64.89 and a 200-day moving average of $68.36. Korn Ferry has a 12 month low of $59.23 and a 12 month 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 cap of $3.51 billion, a price-to-earnings ratio of 14.55 and a beta of 1.41.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping 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 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 business earned $1.07 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect 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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend 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 41.29%.

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.