Korn Ferry (NYSE:KFY) Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP grew its stake in Korn Ferry (NYSE:KFYGet Rating) by 382.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,559 shares of the business services provider’s stock after acquiring an additional 35,327 shares during the quarter. Engineers Gate Manager LP owned about 0.08% of Korn Ferry worth $2,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Graham Capital Management L.P. grew its holdings in shares of Korn Ferry by 177.3% during the 1st quarter. Graham Capital Management L.P. now owns 18,146 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 11,603 shares during the period. Invesco Ltd. grew its holdings in shares of Korn Ferry by 11.7% during the 1st quarter. Invesco Ltd. now owns 1,783,944 shares of the business services provider’s stock worth $115,849,000 after purchasing an additional 186,361 shares during the period. Clark Capital Management Group Inc. grew its holdings in shares of Korn Ferry by 8.4% during the 1st quarter. Clark Capital Management Group Inc. now owns 362,373 shares of the business services provider’s stock worth $23,533,000 after purchasing an additional 27,972 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Korn Ferry by 115.8% during the 1st quarter. Hsbc Holdings PLC now owns 12,340 shares of the business services provider’s stock worth $807,000 after purchasing an additional 6,621 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Korn Ferry by 406.1% during the 1st quarter. Renaissance Technologies LLC now owns 346,700 shares of the business services provider’s stock worth $22,515,000 after purchasing an additional 278,200 shares during the period. 94.70% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $52.04 on Monday. The business has a 50-day moving average of $62.06 and a 200 day moving average of $61.84. Korn Ferry has a 12 month low of $51.08 and a 12 month high of $84.68. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 8.57 and a beta of 1.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.18 and a quick ratio of 1.79.

Korn Ferry (NYSE:KFYGet Rating) last announced its earnings results on Wednesday, September 7th. The business services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.01). The firm had revenue of $695.90 million for the quarter, compared to analysts’ expectations of $697.04 million. Korn Ferry had a net margin of 11.92% and a return on equity of 22.49%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. As a group, sell-side analysts forecast that Korn Ferry will post 5.49 earnings per share for the current year.

Korn Ferry Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KFY shares. Robert W. Baird lowered their price target on Korn Ferry from $72.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com cut Korn Ferry from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 10th. Truist Financial lowered their target price on Korn Ferry from $98.00 to $75.00 and set a “buy” rating for the company in a report on Friday, June 17th. Finally, The Goldman Sachs Group lowered their target price on Korn Ferry from $83.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, June 7th.

Korn Ferry Profile

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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.

Further Reading

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

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