Jefferies Financial Group Inc. Takes Position in Korn Ferry (NYSE:KFY)

Jefferies Financial Group Inc. purchased a new stake in shares of Korn Ferry (NYSE:KFY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,553 shares of the business services provider's stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP acquired a new stake in Korn Ferry in the 4th quarter valued at approximately $51,454,000. Norges Bank acquired a new position in shares of Korn Ferry during the fourth quarter valued at $42,360,000. Rockefeller Capital Management L.P. raised its stake in shares of Korn Ferry by 113.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after purchasing an additional 438,644 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Korn Ferry by 19.4% in the fourth 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. Finally, Raymond James Financial Inc. bought a new position in Korn Ferry in the 4th quarter valued at about $10,727,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial dropped 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 Price Performance

Shares of Korn Ferry stock traded down $0.05 during trading on Thursday, hitting $67.81. The stock had a trading volume of 19,937 shares, compared to its average volume of 375,279. The business has a fifty day moving average of $64.89 and a two-hundred day moving average of $68.36. Korn Ferry has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm has a market cap of $3.50 billion, a P/E ratio of 14.49 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 data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, sell-side analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently announced 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 an increase from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's payout ratio is 41.29%.

About Korn Ferry

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.