Credit Suisse AG Has $2.34 Million Stock Position in Korn Ferry (NYSE:KFY)

Credit Suisse AG grew its holdings in shares of Korn Ferry (NYSE:KFY – Get Rating) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,956 shares of the business services provider’s stock after buying an additional 221 shares during the quarter. Credit Suisse AG owned 0.09% of Korn Ferry worth $2,344,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in shares of Korn Ferry by 475.5% during the third quarter. Quadrant Capital Group LLC now owns 587 shares of the business services provider’s stock valued at $28,000 after buying an additional 485 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Korn Ferry during the second quarter valued at about $31,000. Parkside Financial Bank & Trust lifted its position in shares of Korn Ferry by 66.8% during the third quarter. Parkside Financial Bank & Trust now owns 709 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 284 shares in the last quarter. CWM LLC lifted its position in shares of Korn Ferry by 156.8% during the third quarter. CWM LLC now owns 809 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 494 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Korn Ferry by 85.0% during the third quarter. Rockefeller Capital Management L.P. now owns 925 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 425 shares in the last quarter. 91.61% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

Shares of KFY stock opened at $56.18 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 9.26 and a beta of 1.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.96 and a current ratio of 1.96. Korn Ferry has a 52 week low of $46.47 and a 52 week high of $69.02. The firm’s 50-day simple moving average is $54.33 and its two-hundred day simple moving average is $54.25.

Korn Ferry (NYSE:KFY – Get Rating) last posted its quarterly earnings results on Thursday, December 8th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. Korn Ferry had a net margin of 11.45% and a return on equity of 21.64%. The company had revenue of $727.85 million for the quarter, compared to analyst estimates of $697.28 million. As a group, equities analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, December 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Tuesday, December 20th. Korn Ferry’s dividend payout ratio (DPR) is currently 9.88%.

Analyst Upgrades and Downgrades

KFY has been the topic of a number of recent analyst reports. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, December 29th. Truist Financial dropped their price target on shares of Korn Ferry from $75.00 to $65.00 in a research report on Friday, December 9th. Robert W. Baird dropped their price target on shares of Korn Ferry from $64.00 to $61.00 in a research report on Friday, December 9th. The Goldman Sachs Group lowered their price objective on shares of Korn Ferry from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, December 12th. Finally, William Blair lowered shares of Korn Ferry from an “outperform” rating to a “market perform” rating in a research report on Friday, November 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.67.

Korn Ferry Profile

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Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.