First Trust Advisors LP Sells 4,794 Shares of Korn Ferry (NYSE:KFY)

First Trust Advisors LP cut its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,798 shares of the business services provider's stock after selling 4,794 shares during the period. First Trust Advisors LP owned about 0.15% of Korn Ferry worth $5,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in shares of Korn Ferry in the fourth quarter worth about $76,000. Smartleaf Asset Management LLC lifted its holdings 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 worth $93,000 after buying an additional 963 shares in the last quarter. Sterling Capital Management LLC boosted its position in Korn Ferry by 828.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after buying an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Korn Ferry in the 4th quarter valued at $122,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Korn Ferry during the fourth quarter worth $162,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Truist Financial cut 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 Up 0.1 %

Shares of KFY traded up $0.09 during midday trading on Wednesday, hitting $63.88. The stock had a trading volume of 19,286 shares, compared to its average volume of 377,920. The company has a 50 day simple moving average of $64.41 and a two-hundred day simple moving average of $68.54. Korn Ferry has a twelve month low of $59.23 and a twelve month high of $80.64. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 13.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping 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 firm had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the previous year, the business earned $1.07 earnings per share. The business's revenue was down .1% compared to the same quarter last year. On average, analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were given a $0.48 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a dividend yield of 3.01%. Korn Ferry's dividend payout ratio is presently 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.