Pzena Investment Management LLC Has $70.15 Million Holdings in Korn Ferry (NYSE:KFY)

Pzena Investment Management LLC reduced its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,044,888 shares of the business services provider's stock after selling 73,806 shares during the period. Pzena Investment Management LLC owned about 2.02% of Korn Ferry worth $70,154,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Mesirow Institutional Investment Management Inc. boosted its position in shares of Korn Ferry by 37.5% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 174,970 shares of the business services provider's stock valued at $11,747,000 after acquiring an additional 47,729 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Korn Ferry during the 2nd quarter valued at about $1,135,000. Versor Investments LP boosted its position in shares of Korn Ferry by 20.8% during the 2nd quarter. Versor Investments LP now owns 17,297 shares of the business services provider's stock valued at $1,161,000 after acquiring an additional 2,979 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Korn Ferry in the second quarter valued at about $203,000. Finally, Natixis Advisors LLC boosted its position in Korn Ferry by 6.0% in the second quarter. Natixis Advisors LLC now owns 42,437 shares of the business services provider's stock valued at $2,849,000 after buying an additional 2,413 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, CEO Mark Arian sold 5,000 shares of the company's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.73, for a total value of $333,650.00. Following the completion of the sale, the chief executive officer now owns 96,484 shares of the company's stock, valued at $6,438,377.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Korn Ferry Trading Up 0.1 %

Shares of KFY traded up $0.06 on Wednesday, reaching $71.29. 421,255 shares of the company's stock were exchanged, compared to its average volume of 347,305. The company has a current ratio of 1.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.76 billion, a P/E ratio of 22.30 and a beta of 1.54. The business has a 50 day moving average price of $69.33 and a two-hundred day moving average price of $65.83. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $75.30.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Thursday, June 13th. The business services provider reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.13. The business had revenue of $690.80 million during the quarter, compared to the consensus estimate of $687.36 million. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. Korn Ferry's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. Research analysts anticipate that Korn Ferry will post 4.81 earnings per share for the current year.

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 3rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.08%. The ex-dividend date was Wednesday, July 3rd. This is an increase from Korn Ferry's previous quarterly dividend of $0.33. Korn Ferry's dividend payout ratio is presently 45.96%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KFY. StockNews.com upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a research report on Thursday, June 20th. Truist Financial restated a "buy" rating and issued a $78.00 price target (up from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. UBS Group boosted their price target on shares of Korn Ferry from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, June 7th. Finally, Robert W. Baird boosted their price target on shares of Korn Ferry from $72.00 to $79.00 and gave the company an "outperform" rating in a research report on Friday, June 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Korn Ferry presently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

About Korn Ferry

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.