Freestone Grove Partners LP Takes $457,000 Position in Korn Ferry (NYSE:KFY)

Freestone Grove Partners LP acquired a new stake in Korn Ferry (NYSE:KFY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,776 shares of the business services provider's stock, valued at approximately $457,000.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock valued at $32,050,000 after purchasing an additional 281,024 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Korn Ferry by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock valued at $20,463,000 after buying an additional 14,601 shares during the period. Blue Trust Inc. increased its position in shares of Korn Ferry by 44.8% in the 4th quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock valued at $216,000 after buying an additional 991 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Korn Ferry by 14.2% during the 4th quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider's stock worth $50,818,000 after buying an additional 93,591 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Korn Ferry by 202.4% during the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider's stock worth $644,000 after acquiring an additional 6,393 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analyst Weigh In

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 note on Tuesday, April 15th.

Korn Ferry Stock Up 0.9 %

Shares of NYSE:KFY traded up $0.60 during midday trading on Wednesday, hitting $64.39. The stock had a trading volume of 252,453 shares, compared to its average volume of 378,829. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $64.41 and its 200-day simple moving average is $68.54. Korn Ferry has a 12 month low of $59.23 and a 12 month high of $80.64. The company has a market cap of $3.32 billion, a P/E ratio of 13.76 and a beta of 1.41.

Korn Ferry (NYSE:KFY - Get Free Report) last released 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 company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same period in the previous year, the business earned $1.07 EPS. Korn Ferry's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date 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.