Russell Investments Group Ltd. Trims Stock Holdings in Korn Ferry (NYSE:KFY)

Russell Investments Group Ltd. lowered its position in shares of Korn Ferry (NYSE:KFY – Get Rating) by 54.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,640 shares of the business services provider’s stock after selling 44,570 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Korn Ferry worth $1,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KFY. Boston Partners boosted its stake in Korn Ferry by 15.8% during the 4th quarter. Boston Partners now owns 702,830 shares of the business services provider’s stock valued at $36,085,000 after purchasing an additional 96,007 shares in the last quarter. Arizona State Retirement System raised its holdings in Korn Ferry by 5.2% during the fourth quarter. Arizona State Retirement System now owns 15,409 shares of the business services provider’s stock valued at $780,000 after buying an additional 761 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Korn Ferry by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 57,638 shares of the business services provider’s stock valued at $2,918,000 after buying an additional 1,918 shares in the last quarter. TD Asset Management Inc raised its holdings in Korn Ferry by 209.6% during the fourth quarter. TD Asset Management Inc now owns 35,600 shares of the business services provider’s stock valued at $1,802,000 after buying an additional 24,100 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in Korn Ferry by 123.8% during the fourth quarter. TCI Wealth Advisors Inc. now owns 573 shares of the business services provider’s stock valued at $29,000 after buying an additional 317 shares in the last quarter. 91.61% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Up 1.5 %

KFY stock opened at $49.65 on Tuesday. Korn Ferry has a twelve month low of $44.69 and a twelve month high of $66.65. The company has a market cap of $2.60 billion, a PE ratio of 10.47 and a beta of 1.50. The business’s 50-day simple moving average is $49.36 and its 200 day simple moving average is $52.55. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.25.

Korn Ferry (NYSE:KFY – Get Rating) last released its quarterly earnings data on Wednesday, March 8th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $686.80 million for the quarter, compared to the consensus estimate of $669.56 million. Korn Ferry had a return on equity of 19.22% and a net margin of 8.89%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 earnings per share. On average, research analysts anticipate that Korn Ferry will post 4.95 earnings per share for the current year.

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Tuesday, March 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, March 27th. Korn Ferry’s payout ratio is 12.66%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KFY shares. StockNews.com began coverage on Korn Ferry in a report on Thursday, May 18th. They set a “buy” rating on the stock. Robert W. Baird lowered their price target on Korn Ferry from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, March 16th. Finally, The Goldman Sachs Group lowered their price target on Korn Ferry from $72.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Korn Ferry currently has a consensus rating of “Moderate Buy” and an average price target of $62.67.

About Korn Ferry

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Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.