Ariel Investments LLC Has $38.22 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Ariel Investments LLC decreased its stake in shares of Korn Ferry (NYSE:KFY) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 566,567 shares of the business services provider’s stock after selling 51,160 shares during the period. Ariel Investments LLC’s holdings in Korn Ferry were worth $38,215,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KFY. JPMorgan Chase & Co. lifted its position in shares of Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock worth $32,050,000 after purchasing an additional 281,024 shares in the last quarter. Principal Financial Group Inc. boosted its position in Korn Ferry by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider’s stock valued at $20,463,000 after buying an additional 14,601 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Korn Ferry by 44.8% in the 4th quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider’s stock valued at $216,000 after buying an additional 991 shares during the period. Allianz Asset Management GmbH raised its position in shares of Korn Ferry by 14.2% during the fourth quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider’s stock worth $50,818,000 after acquiring an additional 93,591 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Korn Ferry by 202.4% during the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 6,393 shares during the period. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Price Performance

KFY opened at $63.98 on Friday. The company has a fifty day moving average price of $64.45 and a two-hundred day moving average price of $68.67. The firm has a market capitalization of $3.30 billion, a PE ratio of 13.67 and a beta of 1.40. Korn Ferry has a 52 week low of $59.23 and a 52 week 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.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. 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 firm earned $1.07 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 3.00%. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is currently 41.29%.

Analyst Ratings Changes

Separately, Truist Financial dropped their price objective on Korn Ferry from $84.00 to $80.00 and set a “buy” rating for the company in a report 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.