Korn Ferry (NYSE:KFY) Position Cut by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its holdings in shares of Korn Ferry (NYSE:KFY) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,401 shares of the business services provider’s stock after selling 2,395 shares during the period. Neuberger Berman Group LLC’s holdings in Korn Ferry were worth $2,051,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KFY. Wealthfront Advisers LLC acquired a new position in shares of Korn Ferry during the fourth quarter valued at $76,000. Smartleaf Asset Management LLC increased its stake in Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after buying an additional 963 shares during the period. Venturi Wealth Management LLC acquired a new position in Korn Ferry during the 4th quarter valued at about $122,000. New Age Alpha Advisors LLC bought a new stake in shares of Korn Ferry during the 4th quarter worth about $162,000. Finally, KBC Group NV lifted its stake in shares of Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock worth $171,000 after acquiring an additional 1,033 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th.

Korn Ferry Trading Up 1.7 %

NYSE:KFY opened at $64.01 on Friday. The stock has a fifty day simple moving average of $65.90 and a 200 day simple moving average of $69.77. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 13.68 and a beta of 1.40. Korn Ferry has a 1-year low of $59.44 and a 1-year high of $80.64. 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 (NYSE:KFY) last released its 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. 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 for the quarter, compared to the consensus estimate of $650.45 million. During the same period last year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend 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.