Tidal Investments LLC Grows Holdings in Korn Ferry (NYSE:KFY)

Tidal Investments LLC increased its position in shares of Korn Ferry (NYSE:KFY) by 5,931.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 352,030 shares of the business services provider’s stock after purchasing an additional 346,193 shares during the quarter. Tidal Investments LLC owned approximately 0.68% of Korn Ferry worth $23,744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KFY. Arizona State Retirement System grew its stake in Korn Ferry by 1.2% in the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock valued at $1,018,000 after buying an additional 176 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Korn Ferry by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider’s stock valued at $366,000 after buying an additional 225 shares in the last quarter. Savant Capital LLC grew its stake in Korn Ferry by 7.4% in the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock valued at $245,000 after buying an additional 249 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Korn Ferry by 1.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 343 shares in the last quarter. Finally, Comerica Bank grew its stake in Korn Ferry by 0.9% in the 4th quarter. Comerica Bank now owns 47,055 shares of the business services provider’s stock valued at $3,174,000 after buying an additional 402 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Truist Financial reduced 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 Trading Up 0.4%

Korn Ferry stock opened at $68.52 on Friday. The stock has a market cap of $3.53 billion, a P/E ratio of 14.64 and a beta of 1.41. Korn Ferry has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm’s fifty day moving average price is $64.79 and its 200-day moving average price is $68.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

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

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.80%. Korn Ferry’s payout ratio is 41.29%.

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.