Northern Trust Corp Boosts Stock Holdings in Korn Ferry (NYSE:KFY)

Northern Trust Corp increased its stake in Korn Ferry (NYSE:KFY - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 717,268 shares of the business services provider's stock after purchasing an additional 74,289 shares during the period. Northern Trust Corp owned 1.39% of Korn Ferry worth $48,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of KFY. Wealthfront Advisers LLC acquired a new stake in Korn Ferry in the 4th quarter worth approximately $76,000. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 963 shares in the last quarter. Sterling Capital Management LLC boosted its stake 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 worth $113,000 after purchasing an additional 1,491 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Korn Ferry in the 4th quarter worth approximately $122,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Korn Ferry in the 4th quarter worth approximately $162,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

NYSE KFY traded up $0.46 on Tuesday, hitting $68.48. 60,072 shares of the company's stock traded hands, compared to its average volume of 375,162. 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 1-year low of $59.23 and a 1-year high of $80.64. The firm's 50-day moving average price is $64.55 and its two-hundred day moving average price is $68.44. The firm has a market capitalization of $3.53 billion, a PE ratio of 14.63 and a beta of 1.41.

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 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 during the quarter, compared to analysts' expectations of $650.45 million. During the same period in the previous year, the business posted $1.07 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts expect that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently disclosed 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 represents a $1.92 annualized dividend and a yield of 2.80%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's payout ratio is presently 41.29%.

Analyst Upgrades and Downgrades

Separately, Truist Financial lowered their target price on shares of 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 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.