Korn Ferry (NYSE:KFY) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in Korn Ferry (NYSE:KFY - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,798 shares of the business services provider's stock after selling 4,794 shares during the quarter. First Trust Advisors LP owned 0.15% of Korn Ferry worth $5,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC purchased a new position in shares of Korn Ferry in the 4th quarter worth approximately $76,000. Smartleaf Asset Management LLC increased its holdings in shares of Korn Ferry by 230.4% in 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 during the last quarter. Sterling Capital Management LLC grew its position in Korn Ferry by 828.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after acquiring an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Korn Ferry during the 4th quarter valued at about $122,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Korn Ferry during the fourth quarter valued at about $162,000. Institutional investors own 98.82% of the company's stock.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price objective on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th.

Korn Ferry Trading Up 0.9 %

Shares of NYSE:KFY traded up $0.60 during trading on Wednesday, reaching $64.39. The company's stock had a trading volume of 252,453 shares, compared to its average volume of 378,124. The company has a current ratio of 2.07, a quick 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. The stock has a market capitalization of $3.32 billion, a PE ratio of 13.76 and a beta of 1.41. The firm's 50 day simple moving average is $64.39 and its two-hundred day simple moving average is $68.51.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The business had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. On average, research analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were issued 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 yield of 2.98%. Korn Ferry's dividend payout ratio 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.