Two Sigma Advisers LP Purchases Shares of 5,500 Korn Ferry (NYSE:KFY)

Two Sigma Advisers LP purchased a new stake in Korn Ferry (NYSE:KFY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 5,500 shares of the business services provider's stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of Korn Ferry by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock worth $124,161,000 after buying an additional 97,811 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake 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 worth $76,458,000 after purchasing an additional 184,170 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Korn Ferry by 11.5% during the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider's stock worth $59,948,000 after purchasing an additional 91,461 shares during the period. Royce & Associates LP boosted its position in Korn Ferry by 3.8% in the 4th quarter. Royce & Associates LP now owns 846,195 shares of the business services provider's stock valued at $57,076,000 after buying an additional 30,959 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Korn Ferry by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after buying an additional 438,644 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Stock Up 1.0%

Shares of NYSE KFY traded up $0.70 during trading hours on Friday, hitting $69.88. 215,059 shares of the stock were exchanged, compared to its average volume of 379,290. The firm has a fifty day moving average price of $65.04 and a 200-day moving average price of $67.73. The company has a market cap of $3.60 billion, a PE ratio of 14.93 and a beta of 1.42. 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 12 month low of $59.23 and a 12 month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $650.45 million. During the same period in the prior year, the company posted $1.07 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts expect that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.75%. Korn Ferry's dividend payout ratio is presently 41.29%.

Analysts Set New Price Targets

Several research firms have recently commented on KFY. Truist Financial reduced their price target on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Finally, UBS Group reduced their price target on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th.

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.