Kerrisdale Advisers LLC Trims Position in Korn Ferry (NYSE:KFY)

Kerrisdale Advisers LLC lessened its position in Korn Ferry (NYSE:KFY - Free Report) by 57.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,910 shares of the business services provider's stock after selling 20,250 shares during the period. Kerrisdale Advisers LLC's holdings in Korn Ferry were worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KFY. MML Investors Services LLC bought a new position in shares of Korn Ferry in the third quarter worth approximately $209,000. Barclays PLC lifted its position in Korn Ferry by 129.0% during the third quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock valued at $18,053,000 after purchasing an additional 135,148 shares during the period. Cim Investment Management Inc. bought a new position in Korn Ferry during the third quarter valued at approximately $209,000. Franklin Resources Inc. lifted its position in Korn Ferry by 7.1% during the third quarter. Franklin Resources Inc. now owns 25,133 shares of the business services provider's stock valued at $1,824,000 after purchasing an additional 1,663 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Korn Ferry by 5.7% during the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock valued at $20,463,000 after purchasing an additional 14,601 shares during the period. Institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Performance

Korn Ferry stock traded down $0.13 during midday trading on Tuesday, reaching $61.34. 96,369 shares of the company traded hands, compared to its average volume of 377,630. 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 has a 12 month low of $59.23 and a 12 month high of $80.64. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 13.10 and a beta of 1.40. The business has a 50 day moving average of $64.65 and a two-hundred day moving average of $68.90.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings results 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 business had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. During the same period last year, the firm earned $1.07 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a $0.48 dividend. The ex-dividend date was Thursday, March 27th. 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 3.13%. Korn Ferry's dividend payout ratio (DPR) is presently 41.29%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price objective 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.

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.