Squarepoint Ops LLC Sells 26,271 Shares of Korn Ferry (NYSE:KFY)

Squarepoint Ops LLC lessened its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 76.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,049 shares of the business services provider's stock after selling 26,271 shares during the period. Squarepoint Ops LLC's holdings in Korn Ferry were worth $543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Two Sigma Advisers LP acquired a new stake in shares of Korn Ferry during the 4th quarter valued at $371,000. Two Sigma Investments LP acquired a new stake in Korn Ferry during the 4th quarter valued at $1,593,000. Tidal Investments LLC raised its stake in Korn Ferry by 5,931.0% during the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock valued at $23,744,000 after purchasing an additional 346,193 shares during the period. ProShare Advisors LLC raised its stake in Korn Ferry by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 15,651 shares of the business services provider's stock valued at $1,056,000 after purchasing an additional 4,802 shares during the period. Finally, Quantedge Capital Pte Ltd raised its stake in Korn Ferry by 7.4% during the 4th quarter. Quantedge Capital Pte Ltd now owns 16,000 shares of the business services provider's stock valued at $1,079,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KFY. Truist Financial cut their target price on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. UBS Group cut their target price on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th.

Korn Ferry Stock Down 0.7%

Shares of NYSE KFY traded down $0.52 during mid-day trading on Thursday, reaching $69.29. The company had a trading volume of 348,465 shares, compared to its average volume of 379,197. The stock has a market capitalization of $3.57 billion, a PE ratio of 14.80 and a beta of 1.42. Korn Ferry has a twelve month low of $59.23 and a twelve month high of $80.64. The stock's 50 day moving average is $65.00 and its 200-day moving average is $67.77. 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 issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The firm had revenue of $676.50 million during the quarter, compared to analysts' expectations of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. As a group, equities analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a yield of 2.77%. Korn Ferry's dividend 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.