Martingale Asset Management L P Sells 406 Shares of Korn Ferry (NYSE:KFY)

Martingale Asset Management L P cut its stake in shares of Korn Ferry (NYSE:KFY) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,445 shares of the business services provider’s stock after selling 406 shares during the period. Martingale Asset Management L P owned about 0.11% of Korn Ferry worth $3,672,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of 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 increased its position in shares of 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. Venturi Wealth Management LLC bought a new position in shares of Korn Ferry in the fourth quarter worth approximately $122,000. New Age Alpha Advisors LLC bought a new position in shares of Korn Ferry in the fourth quarter worth approximately $162,000. Finally, KBC Group NV boosted its stake in Korn Ferry by 68.5% in the fourth 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. 98.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Korn Ferry Trading Up 6.6 %

Shares of NYSE:KFY opened at $64.29 on Thursday. Korn Ferry has a 52-week low of $59.44 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 13.74 and a beta of 1.40. The stock’s 50-day simple moving average is $66.16 and its two-hundred day simple moving average is $69.90.

Korn Ferry (NYSE:KFY) last issued its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $650.45 million. During the same quarter last year, the company earned $1.07 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.99%. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. Korn Ferry’s dividend payout ratio is currently 41.29%.

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.