Janney Montgomery Scott LLC Has $1.05 Million Holdings in Korn Ferry (NYSE:KFY)

Janney Montgomery Scott LLC raised its holdings in Korn Ferry (NYSE:KFY) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 15,571 shares of the business services provider’s stock after acquiring an additional 529 shares during the period. Janney Montgomery Scott LLC’s holdings in Korn Ferry were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Korn Ferry by 193.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock worth $32,050,000 after buying an additional 281,024 shares during the period. Thrivent Financial for Lutherans boosted its stake in Korn Ferry by 7.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider’s stock worth $71,431,000 after purchasing an additional 62,385 shares during the period. Vestcor Inc increased its holdings in Korn Ferry by 323.7% during the 3rd quarter. Vestcor Inc now owns 18,487 shares of the business services provider’s stock worth $1,391,000 after purchasing an additional 14,124 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of Korn Ferry by 21.9% during the third quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider’s stock worth $5,455,000 after buying an additional 13,017 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of Korn Ferry during the third quarter worth about $103,546,000. Institutional investors own 98.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on KFY. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial raised their target price 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Korn Ferry presently has an average rating of “Moderate Buy” and an average target price of $77.00.

Korn Ferry Trading Down 0.2 %

NYSE KFY opened at $69.65 on Thursday. Korn Ferry has a 12 month low of $57.80 and a 12 month high of $80.64. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $70.02 and a 200-day moving average of $71.45. The company has a market cap of $3.59 billion, a PE ratio of 14.88 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. The business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, equities 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 was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, December 20th. Korn Ferry’s dividend payout ratio (DPR) is presently 31.62%.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, 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 transaction of $1,444,800.00. Following the completion of the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

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.