Marshall Wace LLP Buys New Position in Korn Ferry (NYSE:KFY)

Marshall Wace LLP acquired a new position in shares of Korn Ferry (NYSE:KFY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,128 shares of the business services provider's stock, valued at approximately $278,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in Korn Ferry by 1.2% during the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock valued at $1,018,000 after purchasing an additional 176 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Korn Ferry by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock worth $366,000 after buying an additional 225 shares during the last quarter. Savant Capital LLC increased its holdings in Korn Ferry by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock worth $245,000 after buying an additional 249 shares during the last quarter. Heritage Family Offices LLP raised its position in Korn Ferry by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock worth $260,000 after acquiring an additional 259 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Korn Ferry by 1.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider's stock valued at $1,874,000 after acquiring an additional 343 shares during the last quarter. 98.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial cut 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 Stock Performance

Korn Ferry stock traded down $0.49 during trading hours on Friday, hitting $66.10. The company had a trading volume of 127,500 shares, compared to its average volume of 376,852. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a 50-day moving average of $64.45 and a 200 day moving average of $68.49. Korn Ferry has a one year low of $59.23 and a one year high of $80.64. 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 analysts' consensus estimates 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 analysts' expectations of $650.45 million. During the same period last year, the firm posted $1.07 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were given a dividend of $0.48 per share. The ex-dividend date of this dividend 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 2.90%. 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.