Graham Capital Management L.P. Buys 11,603 Shares of Korn Ferry (NYSE:KFY)

Graham Capital Management L.P. lifted its stake in shares of Korn Ferry (NYSE:KFYGet Rating) by 177.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,146 shares of the business services provider’s stock after purchasing an additional 11,603 shares during the quarter. Graham Capital Management L.P.’s holdings in Korn Ferry were worth $1,178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of Korn Ferry during the 4th quarter worth about $25,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Korn Ferry by 221.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 642 shares of the business services provider’s stock worth $42,000 after acquiring an additional 442 shares during the last quarter. UMB Bank N A MO acquired a new stake in shares of Korn Ferry in the 4th quarter worth about $53,000. Pinebridge Investments L.P. acquired a new stake in shares of Korn Ferry in the 4th quarter worth about $98,000. Finally, Van ECK Associates Corp raised its holdings in shares of Korn Ferry by 16.0% in the 1st quarter. Van ECK Associates Corp now owns 1,359 shares of the business services provider’s stock worth $88,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 94.70% of the company’s stock.

Wall Street Analysts Forecast Growth

KFY has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Korn Ferry from $98.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, June 17th. StockNews.com lowered shares of Korn Ferry from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 10th. The Goldman Sachs Group lowered their target price on shares of Korn Ferry from $83.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, June 7th. Finally, Robert W. Baird lowered their target price on shares of Korn Ferry from $72.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday.

Korn Ferry Trading Up 1.3 %

NYSE:KFY opened at $52.04 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.79 and a current ratio of 2.18. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 8.57 and a beta of 1.41. Korn Ferry has a 52 week low of $51.08 and a 52 week high of $84.68. The firm has a 50-day moving average price of $62.06 and a two-hundred day moving average price of $61.84.

Korn Ferry (NYSE:KFYGet Rating) last released its earnings results on Wednesday, September 7th. The business services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.01). Korn Ferry had a net margin of 11.92% and a return on equity of 22.49%. The company had revenue of $695.90 million for the quarter, compared to the consensus estimate of $697.04 million. During the same period in the prior year, the company earned $1.37 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. On average, equities analysts expect that Korn Ferry will post 5.49 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, September 22nd. Korn Ferry’s dividend payout ratio is currently 9.88%.

Korn Ferry Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Korn Ferry (NYSE:KFY)

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