Vanguard Personalized Indexing Management LLC Sells 802 Shares of Korn Ferry (NYSE:KFY)

Vanguard Personalized Indexing Management LLC lowered its stake in Korn Ferry (NYSE:KFYFree Report) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,034 shares of the business services provider’s stock after selling 802 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Korn Ferry were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wedge Capital Management L L P NC raised its stake in Korn Ferry by 29.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 96,988 shares of the business services provider’s stock worth $5,756,000 after acquiring an additional 21,910 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Korn Ferry by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,462 shares of the business services provider’s stock valued at $42,700,000 after buying an additional 35,985 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Korn Ferry in the 3rd quarter worth $52,000. UBS Group AG increased its stake in Korn Ferry by 19.8% in the 3rd quarter. UBS Group AG now owns 169,728 shares of the business services provider’s stock worth $8,052,000 after buying an additional 28,091 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Korn Ferry by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,205,679 shares of the business services provider’s stock valued at $190,257,000 after acquiring an additional 10,322 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Trading Up 1.2 %

Shares of KFY opened at $66.53 on Tuesday. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $69.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83. The company’s fifty day moving average is $63.67 and its 200 day moving average is $59.65. The stock has a market capitalization of $3.50 billion, a PE ratio of 23.02 and a beta of 1.47.

Korn Ferry (NYSE:KFYGet Free Report) last posted its earnings results on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Korn Ferry had a net margin of 5.34% and a return on equity of 12.59%. The firm had revenue of $676.80 million for the quarter, compared to the consensus estimate of $657.91 million. During the same period in the previous year, the firm posted $1.01 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that Korn Ferry will post 4.17 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 27th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Tuesday, March 26th. Korn Ferry’s dividend payout ratio (DPR) is 45.67%.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Korn Ferry

Insider Activity

In related news, Director Jerry Leamon sold 10,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.80, for a total value of $658,000.00. Following the completion of the sale, the director now directly owns 16,802 shares in the company, valued at $1,105,571.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Korn Ferry Profile

(Free Report)

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.

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

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