Tower Research Capital LLC TRC Sells 2,245 Shares of Korn Ferry (NYSE:KFY)

Tower Research Capital LLC TRC trimmed its position in shares of Korn Ferry (NYSE:KFY) by 75.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 742 shares of the business services provider’s stock after selling 2,245 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Korn Ferry were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System increased 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 worth $1,018,000 after buying an additional 176 shares in the last quarter. Summit Investment Advisors Inc. increased 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 worth $366,000 after buying an additional 225 shares in the last quarter. Savant Capital LLC increased 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 worth $245,000 after buying an additional 249 shares in the last quarter. Heritage Family Offices LLP increased its stake in Korn Ferry by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock worth $260,000 after buying an additional 259 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased 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 worth $1,874,000 after buying an additional 343 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their price target 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 Trading Up 2.9%

Shares of Korn Ferry stock opened at $67.95 on Tuesday. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 14.52 and a beta of 1.41. The business has a 50-day moving average price of $64.55 and a 200-day moving average price of $68.44. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a twelve month low of $59.23 and a twelve month high of $80.64.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.06. The firm had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. Equities research analysts anticipate that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 2.83%. The ex-dividend date was Thursday, March 27th. Korn Ferry’s payout ratio is presently 41.29%.

Korn Ferry 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.