ARGA Investment Management LP raised its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,786 shares of the business services provider's stock after acquiring an additional 4,041 shares during the period. ARGA Investment Management LP owned approximately 0.05% of Korn Ferry worth $1,807,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Korn Ferry by 26.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider's stock worth $132,000 after purchasing an additional 362 shares in the last quarter. Blue Trust Inc. raised its stake in Korn Ferry by 1,083.4% in the 3rd quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider's stock worth $167,000 after purchasing an additional 2,026 shares in the last quarter. CWM LLC raised its stake in Korn Ferry by 153.9% in the 3rd quarter. CWM LLC now owns 2,260 shares of the business services provider's stock worth $170,000 after purchasing an additional 1,370 shares in the last quarter. KBC Group NV raised its stake in 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 purchasing an additional 1,033 shares in the last quarter. Finally, Highland Capital Management LLC acquired a new stake in Korn Ferry in the 4th quarter worth about $201,000. Institutional investors own 98.82% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on KFY. StockNews.com upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a research note on Tuesday, December 17th. Truist Financial increased their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Korn Ferry has an average rating of "Moderate Buy" and an average price target of $77.00.
View Our Latest Analysis on KFY
Insider Activity
In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 68,869 shares of the company's stock, valued at approximately $4,975,096.56. The trade was a 22.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company's stock.
Korn Ferry Price Performance
Shares of KFY stock traded down $1.28 during trading hours on Friday, reaching $66.94. The company's stock had a trading volume of 243,994 shares, compared to its average volume of 273,930. Korn Ferry has a fifty-two week low of $57.80 and a fifty-two week high of $80.64. The firm's 50 day simple moving average is $69.60 and its 200-day simple moving average is $71.40. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 14.30 and a beta of 1.57.
Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly 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. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $682.00 million for the quarter, compared to analyst estimates of $675.35 million. During the same quarter last year, the company posted $0.97 EPS. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.
Korn Ferry Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were paid a $0.37 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.21%. Korn Ferry's payout ratio is 31.62%.
About Korn Ferry
(
Free Report)
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.
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