SG Americas Securities LLC lifted its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 202.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,552 shares of the business services provider's stock after buying an additional 6,393 shares during the period. SG Americas Securities LLC's holdings in Korn Ferry were worth $644,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of KFY. HB Wealth Management LLC purchased a new stake in Korn Ferry during the fourth quarter worth about $219,000. Wedge Capital Management L L P NC boosted its stake in shares of Korn Ferry by 6.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 77,613 shares of the business services provider's stock worth $5,235,000 after acquiring an additional 4,388 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Korn Ferry during the 4th quarter worth approximately $222,000. Heritage Family Offices LLP grew its holdings in shares of Korn Ferry by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock worth $260,000 after acquiring an additional 259 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Korn Ferry by 193.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock valued at $32,050,000 after purchasing an additional 281,024 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.
Korn Ferry Price Performance
KFY stock traded down $0.68 on Monday, reaching $70.05. The company had a trading volume of 192,960 shares, compared to its average volume of 291,554. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The company's fifty day moving average is $70.57 and its 200 day moving average is $71.47. The company has a market cap of $3.61 billion, a P/E ratio of 14.96 and a beta of 1.57. Korn Ferry has a 1 year low of $57.80 and a 1 year high of $80.64.
Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. On average, research analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.
Korn Ferry Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, December 20th. Korn Ferry's dividend payout ratio is presently 31.62%.
Insider Activity at Korn Ferry
In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 68,869 shares of the company's stock, valued at approximately $4,975,096.56. This trade represents a 22.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on the company. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial boosted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.
View Our Latest Report on Korn Ferry
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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