Litman Gregory Wealth Management LLC Takes $504,000 Position in Korn Ferry (NYSE:KFY)

Litman Gregory Wealth Management LLC purchased a new position in Korn Ferry (NYSE:KFY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,473 shares of the business services provider's stock, valued at approximately $504,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Azzad Asset Management Inc. ADV grew its position in Korn Ferry by 1.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider's stock worth $1,144,000 after purchasing an additional 231 shares during the last quarter. Heritage Family Offices LLP boosted its position in shares of Korn Ferry by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock valued at $260,000 after acquiring an additional 259 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Korn Ferry by 4.8% during the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider's stock valued at $462,000 after acquiring an additional 283 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Korn Ferry by 6.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider's stock valued at $370,000 after acquiring an additional 294 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Korn Ferry by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,343 shares of the business services provider's stock valued at $402,000 after acquiring an additional 299 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KFY has been the topic of several recent research reports. StockNews.com upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial lifted 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Korn Ferry Price Performance

KFY stock traded down $0.21 during trading on Wednesday, hitting $69.60. 86,540 shares of the stock traded hands, compared to its average volume of 285,805. Korn Ferry has a one year low of $57.80 and a one year high of $80.64. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 14.90 and a beta of 1.57. The company has a 50 day simple moving average of $70.20 and a 200 day simple moving average of $71.46. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, hitting analysts' consensus estimates of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The company's revenue was down 4.3% on a year-over-year basis. Equities analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Announces Dividend

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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, December 20th. Korn Ferry's dividend payout ratio (DPR) is 31.62%.

Insider Buying and Selling

In related news, CEO Mark Arian sold 20,000 shares of the business'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 of the company's stock, valued at $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 is available at this link. 1.40% of the stock is currently owned by insiders.

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.