Nebula Research & Development LLC Lowers Stock Holdings in Korn Ferry (NYSE:KFY)

Nebula Research & Development LLC lowered its holdings in Korn Ferry (NYSE:KFY) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,295 shares of the business services provider’s stock after selling 264 shares during the period. Nebula Research & Development LLC’s holdings in Korn Ferry were worth $694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in Korn Ferry in the fourth quarter valued at $76,000. Smartleaf Asset Management LLC grew its stake in Korn Ferry by 230.4% during the 4th 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 in the last quarter. Sterling Capital Management LLC increased its holdings in Korn Ferry by 828.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock worth $113,000 after purchasing an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth approximately $122,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth approximately $162,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Stock Performance

Shares of KFY opened at $61.46 on Tuesday. 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 stock has a market capitalization of $3.17 billion, a PE ratio of 13.13 and a beta of 1.40. Korn Ferry has a 12-month low of $59.23 and a 12-month high of $80.64. The business’s fifty day moving average price is $64.65 and its 200 day moving average price is $68.90.

Korn Ferry (NYSE:KFY) last posted its earnings results 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. The company had revenue of $676.50 million for the quarter, compared to analysts’ expectations of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. Equities research analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were paid a dividend of $0.48 per share. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry’s payout ratio is currently 41.29%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their price target on shares of Korn Ferry from $84.00 to $80.00 and set a “buy” rating for the company in a research 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.