Wealthfront Advisers LLC Buys Shares of 1,122 Korn Ferry (NYSE:KFY)

Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry (NYSE:KFY) during the 4th quarter, HoldingsChannel.com reports. The firm bought 1,122 shares of the business services provider’s stock, valued at approximately $76,000.

Several other large investors also recently added to or reduced their stakes in the company. Atria Investments Inc increased its stake in shares of Korn Ferry by 34.4% in the third quarter. Atria Investments Inc now owns 4,097 shares of the business services provider’s stock worth $308,000 after acquiring an additional 1,049 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Korn Ferry in the third quarter worth $1,214,000. Natixis Advisors LLC increased its position in Korn Ferry by 2.3% during the third quarter. Natixis Advisors LLC now owns 43,423 shares of the business services provider’s stock worth $3,267,000 after buying an additional 986 shares during the last quarter. Quest Partners LLC increased its position in Korn Ferry by 79.8% during the third quarter. Quest Partners LLC now owns 17,479 shares of the business services provider’s stock worth $1,315,000 after buying an additional 7,758 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in Korn Ferry by 103.8% during the third quarter. Banque Cantonale Vaudoise now owns 3,354 shares of the business services provider’s stock worth $252,000 after buying an additional 1,708 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Stock Up 0.0 %

KFY stock opened at $67.49 on Wednesday. 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 has a 52-week low of $59.78 and a 52-week high of $80.64. The company has a 50-day moving average of $67.53 and a two-hundred day moving average of $70.60. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 14.42 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.06. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business had revenue of $676.50 million during the quarter, compared to analysts’ expectations of $650.45 million. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend payout ratio (DPR) is presently 41.29%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial increased their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th.

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.