Korn Ferry (NYSE:KFY) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in Korn Ferry (NYSE:KFY - Free Report) by 83.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,300 shares of the business services provider's stock after selling 21,200 shares during the quarter. Renaissance Technologies LLC's holdings in Korn Ferry were worth $290,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in Korn Ferry by 1.2% in the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock valued at $1,018,000 after buying an additional 176 shares during the period. Savant Capital LLC grew its holdings in Korn Ferry by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock worth $245,000 after acquiring an additional 249 shares in the last quarter. Heritage Family Offices LLP increased its position in Korn Ferry by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock valued at $260,000 after purchasing an additional 259 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Korn Ferry by 1.3% during 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 purchasing an additional 343 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Korn Ferry by 7.2% during the fourth quarter. Bank of Montreal Can now owns 7,014 shares of the business services provider's stock worth $473,000 after buying an additional 471 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial decreased 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 Down 0.8 %

NYSE KFY traded down $0.52 on Friday, hitting $66.07. The stock had a trading volume of 204,145 shares, compared to its average volume of 376,164. The business's fifty day moving average price is $64.49 and its 200 day moving average price is $68.46. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 14.12 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 has a 52-week low of $59.23 and a 52-week high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results 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 company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same period in the prior year, the company posted $1.07 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently declared 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 of this dividend was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend 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%.

Korn Ferry Company 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.