Bank of Montreal Can Boosts Holdings in Korn Ferry (NYSE:KFY)

Bank of Montreal Can grew its stake in shares of Korn Ferry (NYSE:KFY) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,014 shares of the business services provider’s stock after buying an additional 471 shares during the period. Bank of Montreal Can’s holdings in Korn Ferry were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC bought a new position in shares of Korn Ferry during the 4th quarter valued at about $76,000. Smartleaf Asset Management LLC increased its stake in Korn Ferry by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock worth $93,000 after acquiring an additional 963 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Korn Ferry during the 4th quarter worth approximately $122,000. New Age Alpha Advisors LLC purchased a new position in shares of Korn Ferry in the fourth quarter valued at $162,000. Finally, KBC Group NV increased its position in Korn Ferry by 68.5% in the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Stock Down 1.8 %

Shares of KFY opened at $59.60 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a market cap of $3.07 billion, a PE ratio of 12.74 and a beta of 1.40. The business has a fifty day moving average of $65.15 and a 200 day moving average of $69.25.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results 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 company had revenue of $676.50 million for the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.07 EPS. On average, sell-side analysts expect that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.22%. 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 dividend payout ratio (DPR) is 41.29%.

Analyst Upgrades and Downgrades

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