Quantedge Capital Pte Ltd Buys 1,100 Shares of Korn Ferry (NYSE:KFY)

Quantedge Capital Pte Ltd increased its stake in shares of Korn Ferry (NYSE:KFY) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the business services provider’s stock after acquiring an additional 1,100 shares during the quarter. Quantedge Capital Pte Ltd’s holdings in Korn Ferry were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KFY. Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry in the 4th quarter worth approximately $76,000. Smartleaf Asset Management LLC lifted its stake in shares of 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 valued at $93,000 after purchasing an additional 963 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Korn Ferry by 828.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 1,491 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Korn Ferry in the 4th quarter valued at approximately $122,000. Finally, New Age Alpha Advisors LLC purchased a new position in Korn Ferry during the fourth quarter valued at $162,000. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Stock Down 1.2%

Korn Ferry stock opened at $67.67 on Thursday. 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 has a 12 month low of $59.23 and a 12 month high of $80.64. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 14.46 and a beta of 1.41. The stock has a fifty day simple moving average of $64.66 and a two-hundred day simple moving average of $68.44.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping 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 company had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. Korn Ferry’s revenue was down .1% compared to the same quarter last year. Equities analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is currently 41.29%.

Wall Street Analyst Weigh In

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.