Cullen Capital Management LLC Has $793,000 Stock Position in Korn Ferry (NYSE:KFY)

Cullen Capital Management LLC lessened its stake in Korn Ferry (NYSE:KFY) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,764 shares of the business services provider’s stock after selling 733 shares during the quarter. Cullen Capital Management LLC’s holdings in Korn Ferry were worth $793,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KFY. Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry in the 4th quarter valued at about $76,000. Smartleaf Asset Management LLC raised its holdings in Korn Ferry by 230.4% in the fourth 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 during the period. Venturi Wealth Management LLC bought a new position in shares of Korn Ferry during the fourth quarter worth $122,000. New Age Alpha Advisors LLC acquired a new position in shares of Korn Ferry in the 4th quarter valued at $162,000. Finally, KBC Group NV grew its holdings in shares of Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,033 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th.

Korn Ferry Stock Performance

Shares of KFY opened at $62.41 on Friday. The firm has a market cap of $3.22 billion, a P/E ratio of 13.33 and a beta of 1.40. Korn Ferry has a twelve month low of $59.78 and a twelve month high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s 50 day moving average price is $67.08 and its two-hundred day moving average price is $70.31.

Korn Ferry (NYSE:KFY) last posted 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 for the quarter, compared to analysts’ expectations of $650.45 million. During the same period in the previous year, the firm posted $1.07 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change 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.