Jacobs Levy Equity Management Inc. Sells 2,125 Shares of Korn Ferry (NYSE:KFY)

Jacobs Levy Equity Management Inc. decreased its holdings in Korn Ferry (NYSE:KFY) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 73,150 shares of the business services provider’s stock after selling 2,125 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Korn Ferry were worth $4,934,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KFY. Principal Financial Group Inc. boosted its stake in Korn Ferry by 5.7% during the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider’s stock valued at $20,463,000 after buying an additional 14,601 shares during the last quarter. Blue Trust Inc. boosted its stake in Korn Ferry by 44.8% during the fourth quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider’s stock valued at $216,000 after buying an additional 991 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Korn Ferry by 14.2% during the fourth quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider’s stock valued at $50,818,000 after buying an additional 93,591 shares during the last quarter. SG Americas Securities LLC boosted its stake in Korn Ferry by 202.4% during the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider’s stock valued at $644,000 after buying an additional 6,393 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Korn Ferry by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after buying an additional 963 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Price Performance

NYSE:KFY opened at $67.67 on Thursday. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 14.46 and a beta of 1.41. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64. The business has a 50 day simple moving average of $64.66 and a 200-day simple moving average of $68.44. 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 posted its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. During the same period last year, the company earned $1.07 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently declared 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 positive change 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 2.84%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry’s dividend payout ratio (DPR) is currently 41.29%.

Analysts Set New Price Targets

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 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.