Brandywine Global Investment Management LLC lowered its stake in shares of Korn Ferry (NYSE:KFY) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,488 shares of the business services provider’s stock after selling 27,734 shares during the period. Brandywine Global Investment Management LLC owned 0.33% of Korn Ferry worth $7,800,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in shares of Korn Ferry in the 4th quarter worth about $159,000. LS Investment Advisors LLC raised its holdings in shares of Korn Ferry by 138.0% during the 4th quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after buying an additional 2,701 shares during the period. CAPROCK Group Inc. purchased a new stake in shares of Korn Ferry during the 4th quarter valued at about $208,000. Shelton Capital Management purchased a new stake in shares of Korn Ferry during the 3rd quarter valued at about $218,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Korn Ferry during the 4th quarter valued at approximately $237,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.
Shares of KFY traded down $1.55 during midday trading on Friday, reaching $51.20. The stock had a trading volume of 565,983 shares, compared to its average volume of 530,006. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 1.91. The company has a market capitalization of $2,981.06, a PE ratio of 22.86 and a beta of 1.21. Korn Ferry has a 52 week low of $29.93 and a 52 week high of $52.79.
Korn Ferry (NYSE:KFY) last issued its earnings results on Tuesday, March 6th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.12. The business had revenue of $447.60 million for the quarter, compared to analysts’ expectations of $414.54 million. Korn Ferry had a return on equity of 12.72% and a net margin of 6.83%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. equities research analysts forecast that Korn Ferry will post 2.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Korn Ferry’s dividend payout ratio is 17.86%.
A number of equities research analysts have weighed in on the company. Goldman Sachs assumed coverage on Korn Ferry in a research note on Tuesday, March 27th. They set a “buy” rating for the company. Zacks Investment Research upgraded Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Friday, March 9th. Finally, ValuEngine upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $43.80.
In other Korn Ferry news, Director Debra J. Perry sold 5,520 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $51.00, for a total value of $281,520.00. Following the completion of the sale, the director now owns 26,452 shares of the company’s stock, valued at $1,349,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Debra J. Perry sold 19,480 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $50.21, for a total value of $978,090.80. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.
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About Korn Ferry
Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit industries.
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