Raymond James & Associates Has $393,000 Stock Position in Korn Ferry (NYSE:KFY)

Raymond James & Associates lowered its holdings in shares of Korn Ferry (NYSE:KFY) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,614 shares of the business services provider’s stock after selling 318 shares during the period. Raymond James & Associates’ holdings in Korn Ferry were worth $393,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KFY. Vanguard Group Inc. increased its holdings in Korn Ferry by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,257,755 shares of the business services provider’s stock worth $296,868,000 after purchasing an additional 34,960 shares in the last quarter. American Century Companies Inc. increased its holdings in Korn Ferry by 3.2% in the 3rd quarter. American Century Companies Inc. now owns 2,739,697 shares of the business services provider’s stock worth $129,971,000 after purchasing an additional 85,781 shares in the last quarter. Invesco Ltd. increased its holdings in Korn Ferry by 10.1% in the 3rd quarter. Invesco Ltd. now owns 1,521,044 shares of the business services provider’s stock worth $72,158,000 after purchasing an additional 140,142 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Korn Ferry by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,376,771 shares of the business services provider’s stock worth $65,314,000 after purchasing an additional 11,159 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Korn Ferry by 9.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 932,762 shares of the business services provider’s stock worth $44,250,000 after purchasing an additional 77,856 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KFY shares. Robert W. Baird upped their target price on Korn Ferry from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. William Blair upgraded Korn Ferry from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th. Truist Financial upped their price target on Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, March 4th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Finally, UBS Group upped their price target on Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Korn Ferry currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Korn Ferry Trading Up 0.6 %

NYSE KFY opened at $61.01 on Friday. The business’s 50-day moving average price is $62.94 and its two-hundred day moving average price is $57.05. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $69.69. The firm has a market capitalization of $3.21 billion, a PE ratio of 21.11 and a beta of 1.47. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY) last announced its earnings results on Wednesday, March 6th. The business services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.99 by $0.08. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. The company had revenue of $676.80 million for the quarter, compared to analyst estimates of $657.91 million. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect that Korn Ferry will post 4.17 EPS for the current year.

Korn Ferry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 27th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.32 annualized dividend and a dividend yield of 2.16%. Korn Ferry’s payout ratio is 45.67%.

Insider Activity at Korn Ferry

In related news, Director Jerry Leamon sold 10,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $65.80, for a total transaction of $658,000.00. Following the sale, the director now owns 16,802 shares in the company, valued at approximately $1,105,571.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Korn Ferry Company Profile

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.