775 Shares in Korn Ferry (NYSE:KFY) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new stake in shares of Korn Ferry (NYSE:KFY) in the 4th quarter, HoldingsChannel reports. The firm purchased 775 shares of the business services provider’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KFY. Stratos Wealth Advisors LLC grew its position in Korn Ferry by 3.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 19,558 shares of the business services provider’s stock worth $928,000 after acquiring an additional 743 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Korn Ferry by 9.1% in the third 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Korn Ferry by 13.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,799 shares of the business services provider’s stock worth $512,000 after buying an additional 1,246 shares during the period. Strs Ohio raised its holdings in Korn Ferry by 300.0% during the 3rd quarter. Strs Ohio now owns 4,000 shares of the business services provider’s stock valued at $189,000 after buying an additional 3,000 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new stake in Korn Ferry during the 3rd quarter valued at $270,000. 98.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Jerry Leamon sold 10,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were 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 of the company’s stock, valued at $1,105,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Korn Ferry Stock Performance

Shares of KFY opened at $62.27 on Friday. The company has a 50-day simple moving average of $63.13 and a two-hundred day simple moving average of $57.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $3.27 billion, a PE ratio of 21.55 and a beta of 1.47. Korn Ferry has a one year low of $44.45 and a one year high of $69.69.

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

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 27th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, March 26th. Korn Ferry’s dividend payout ratio is presently 45.67%.

About Korn Ferry

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.