Korn Ferry (NYSE:KFY) Shares Purchased by Fmr LLC

Fmr LLC grew its stake in Korn Ferry (NYSE:KFY) by 59.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,608 shares of the business services provider’s stock after buying an additional 1,716 shares during the period. Fmr LLC’s holdings in Korn Ferry were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in KFY. Louisiana State Employees Retirement System raised its position in shares of Korn Ferry by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the business services provider’s stock worth $1,766,000 after acquiring an additional 300 shares during the period. Tributary Capital Management LLC boosted its holdings in Korn Ferry by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 355,690 shares of the business services provider’s stock valued at $23,881,000 after acquiring an additional 1,046 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Korn Ferry by 13.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,010 shares of the business services provider’s stock worth $739,000 after buying an additional 1,342 shares during the period. Innealta Capital LLC acquired a new stake in shares of Korn Ferry in the second quarter valued at $101,000. Finally, Azzad Asset Management Inc. ADV boosted its stake in shares of Korn Ferry by 3.0% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 14,979 shares of the business services provider’s stock valued at $1,006,000 after buying an additional 431 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Insiders Place Their Bets

In other Korn Ferry news, insider Michael Distefano sold 5,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value of $361,800.00. Following the transaction, the insider now owns 50,954 shares in the company, valued at $3,687,031.44. The trade was a 8.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Arian sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the sale, the chief executive officer now owns 68,869 shares of the company’s stock, valued at approximately $4,975,096.56. This trade represents a 22.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,280 shares of company stock valued at $6,193,956 over the last quarter. Company insiders own 1.40% of the company’s stock.

Korn Ferry Trading Down 0.5 %

Shares of Korn Ferry stock opened at $66.60 on Friday. The company has a 50-day moving average of $73.70 and a two-hundred day moving average of $70.94. The company has a current ratio of 2.07, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.44 billion, a PE ratio of 14.23 and a beta of 1.56. Korn Ferry has a 12-month low of $54.77 and a 12-month high of $80.64.

Korn Ferry (NYSE:KFY) last announced its earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, research analysts anticipate that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, December 20th. Korn Ferry’s payout ratio is 31.62%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KFY shares. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Korn Ferry presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

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.