Jefferies Financial Group Inc. Takes $644,000 Position in Korn Ferry (NYSE:KFY)

Jefferies Financial Group Inc. bought a new stake in Korn Ferry (NYSE:KFY) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,553 shares of the business services provider’s stock, valued at approximately $644,000.

Other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in shares of Korn Ferry in the fourth quarter valued at approximately $76,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 valued at $93,000 after purchasing an additional 963 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 1,491 shares during the period. Venturi Wealth Management LLC acquired a new position in Korn Ferry during the fourth quarter worth $122,000. Finally, New Age Alpha Advisors LLC acquired a new position in Korn Ferry during the fourth quarter worth $162,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Trading Up 0.4%

Shares of KFY stock opened at $68.52 on Friday. The business’s fifty day moving average price is $64.79 and its 200 day moving average price is $68.41. Korn Ferry has a 1-year low of $59.23 and a 1-year high of $80.64. The firm has a market capitalization of $3.53 billion, a PE ratio of 14.64 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 (NYSE:KFY) last announced its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. The firm had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. As a group, sell-side 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 was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry’s payout ratio is presently 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price objective on Korn Ferry from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th.

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.