Mariner LLC Sells 531 Shares of Korn Ferry (NYSE:KFY)

Mariner LLC reduced its stake in shares of Korn Ferry (NYSE:KFY) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,230 shares of the business services provider’s stock after selling 531 shares during the period. Mariner LLC’s holdings in Korn Ferry were worth $757,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry during the 4th quarter worth $76,000. Smartleaf Asset Management LLC lifted its stake in Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock worth $93,000 after purchasing an additional 963 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock worth $113,000 after purchasing an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Korn Ferry in the fourth quarter worth $122,000. Finally, New Age Alpha Advisors LLC bought a new stake in Korn Ferry in the fourth quarter worth $162,000. 98.82% of the stock is owned by institutional investors.

Korn Ferry Stock Performance

Shares of NYSE:KFY opened at $61.46 on Tuesday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 13.13 and a beta of 1.40. The company has a 50-day moving average price of $64.65 and a 200-day moving average price of $68.90. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 12 month low of $59.23 and a 12 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 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. The firm had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, equities analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.12%. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, March 27th. Korn Ferry’s dividend payout ratio is 41.29%.

Analyst Upgrades and Downgrades

Separately, Truist Financial lowered their price target 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 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.