Hillsdale Investment Management Inc. Has $2.62 Million Position in Korn Ferry (NYSE:KFY)

Hillsdale Investment Management Inc. decreased its holdings in Korn Ferry (NYSE:KFY) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,800 shares of the business services provider’s stock after selling 14,600 shares during the quarter. Hillsdale Investment Management Inc. owned 0.08% of Korn Ferry worth $2,617,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealthfront Advisers LLC bought a new stake in Korn Ferry in the fourth quarter valued at about $76,000. Smartleaf Asset Management LLC grew its stake in shares of Korn Ferry by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 963 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Korn Ferry in the 4th quarter valued at approximately $122,000. KBC Group NV raised its holdings 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 buying an additional 1,033 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new position in shares of Korn Ferry during the 3rd quarter worth approximately $203,000. 98.82% of the stock is owned by institutional investors.

Korn Ferry Stock Down 0.8 %

NYSE KFY opened at $66.37 on Friday. The stock’s 50 day simple moving average is $67.60 and its 200 day simple moving average is $70.50. Korn Ferry has a one year low of $59.78 and a one year high of $80.64. The firm has a market cap of $3.42 billion, a PE ratio of 14.18 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Korn Ferry (NYSE:KFY) last announced its earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $676.50 million for the quarter, compared to analysts’ expectations of $650.45 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.89%. Korn Ferry’s payout ratio is currently 41.29%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KFY shares. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial upped their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th.

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.