Susquehanna International Group LLP Acquires 12,845 Shares of Korn Ferry (NYSE:KFY)

Susquehanna International Group LLP grew its holdings in shares of Korn Ferry (NYSE:KFY) by 96.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,110 shares of the business services provider’s stock after acquiring an additional 12,845 shares during the quarter. Susquehanna International Group LLP owned 0.05% of Korn Ferry worth $1,761,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System grew its position in Korn Ferry by 1.2% during the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock worth $1,018,000 after acquiring an additional 176 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Korn Ferry by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider’s stock worth $366,000 after purchasing an additional 225 shares during the last quarter. Savant Capital LLC increased its stake in shares of Korn Ferry by 7.4% in the fourth 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 during the period. Heritage Family Offices LLP increased its stake in shares of Korn Ferry by 7.2% in the fourth 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 during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in Korn Ferry by 1.3% during 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 during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Price Performance

Shares of KFY stock opened at $66.07 on Monday. 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 has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm has a market cap of $3.41 billion, a P/E ratio of 14.12 and a beta of 1.41. The business’s 50 day moving average price is $64.49 and its 200-day moving average price is $68.45.

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, beating 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 analysts’ expectations of $650.45 million. During the same quarter in the previous year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current 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 issued a $0.48 dividend. The ex-dividend date 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 2.91%. Korn Ferry’s dividend payout ratio (DPR) is 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their price target on shares of Korn Ferry from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th.

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.