Jennison Associates LLC increased its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,067,813 shares of the business services provider's stock after buying an additional 79,808 shares during the period. Jennison Associates LLC owned about 2.07% of Korn Ferry worth $72,024,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Korn Ferry by 193.9% during the third 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 in the last quarter. Thrivent Financial for Lutherans grew its holdings in Korn Ferry by 7.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider's stock worth $71,431,000 after acquiring an additional 62,385 shares in the last quarter. Vestcor Inc increased its position in shares of Korn Ferry by 323.7% in the 3rd quarter. Vestcor Inc now owns 18,487 shares of the business services provider's stock valued at $1,391,000 after purchasing an additional 14,124 shares during the last quarter. Seizert Capital Partners LLC raised its holdings in shares of Korn Ferry by 21.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider's stock valued at $5,455,000 after purchasing an additional 13,017 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of Korn Ferry during the 3rd quarter worth $103,546,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.
Korn Ferry Stock Down 1.9 %
NYSE:KFY traded down $1.28 during midday trading on Friday, hitting $66.94. 243,994 shares of the company were exchanged, compared to its average volume of 289,848. Korn Ferry has a fifty-two week low of $57.80 and a fifty-two week high of $80.64. The company has a market capitalization of $3.45 billion, a PE ratio of 14.30 and a beta of 1.57. 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 company has a fifty day simple moving average of $69.60 and a 200 day simple moving average of $71.40.
Korn Ferry (NYSE:KFY - Get Free Report) last posted its earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, hitting analysts' consensus estimates of $1.21. The business 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%. The business's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, equities analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.
Korn Ferry Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.21%. Korn Ferry's dividend payout ratio (DPR) is presently 31.62%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Truist Financial increased their target price on Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a report on Friday, December 6th. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $77.00.
Get Our Latest Stock Analysis on KFY
Insider Activity
In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of Korn Ferry stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total value of $1,444,800.00. Following the transaction, the chief executive officer now directly owns 68,869 shares in the company, valued at approximately $4,975,096.56. This trade represents a 22.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.
Korn Ferry Profile
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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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