Russell Investments Group Ltd. Has $1.34 Million Position in Korn Ferry (NYSE:KFY)

Russell Investments Group Ltd. decreased its position in Korn Ferry (NYSE:KFY) by 14.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,792 shares of the business services provider’s stock after selling 3,477 shares during the quarter. Russell Investments Group Ltd.’s holdings in Korn Ferry were worth $1,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in Korn Ferry in the 4th quarter valued at about $51,454,000. Norges Bank bought a new stake in shares of Korn Ferry during the fourth quarter valued at approximately $42,360,000. JPMorgan Chase & Co. increased its holdings in shares of Korn Ferry by 193.9% in the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after purchasing an additional 281,024 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider’s stock worth $76,458,000 after purchasing an additional 184,170 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Korn Ferry during the 4th quarter worth $10,727,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Trading Down 1.6 %

NYSE:KFY opened at $60.70 on Monday. The business’s 50-day moving average price is $65.29 and its two-hundred day moving average price is $69.34. Korn Ferry has a 1-year low of $59.44 and a 1-year high of $80.64. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 12.97 and a beta of 1.40. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

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. The business had revenue of $676.50 million for the quarter, compared to analysts’ expectations of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. On average, equities analysts expect 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. Investors of record on Thursday, March 27th were paid a $0.48 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend payout ratio is 41.29%.

Analyst Upgrades and Downgrades

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

About Korn Ferry

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.