Korn Ferry (NYSE:KFY) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP cut its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 54.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,261 shares of the business services provider's stock after selling 6,350 shares during the period. Brevan Howard Capital Management LP's holdings in Korn Ferry were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KFY. Wealthfront Advisers LLC acquired a new position in shares of Korn Ferry during the fourth quarter worth $76,000. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 963 shares in the last quarter. Sterling Capital Management LLC boosted its position 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 valued at $113,000 after buying an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Korn Ferry during the fourth quarter worth about $122,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Korn Ferry during the fourth quarter worth about $162,000. Hedge funds and other institutional investors own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

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 Stock Performance

Shares of Korn Ferry stock opened at $66.07 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64. The firm's 50-day simple moving average is $64.49 and its 200-day simple moving average is $68.46. The firm has a market cap of $3.41 billion, a PE ratio of 14.12 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million for the quarter, compared to analysts' expectations of $650.45 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Korn Ferry's revenue for the quarter was down .1% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.91%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio (DPR) is currently 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.

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