11,975 Shares in Korn Ferry (NYSE:KFY) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in Korn Ferry (NYSE:KFYFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,975 shares of the business services provider’s stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Korn Ferry by 0.6% in the third 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 during the period. Dimensional Fund Advisors LP increased its position in Korn Ferry by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,205,679 shares of the business services provider’s stock worth $190,257,000 after buying an additional 10,322 shares during the period. American Century Companies Inc. lifted its holdings in shares of Korn Ferry by 3.2% during the third quarter. American Century Companies Inc. now owns 2,739,697 shares of the business services provider’s stock worth $129,971,000 after buying an additional 85,781 shares during the last quarter. Invesco Ltd. boosted its position in shares of Korn Ferry by 10.1% in the third quarter. Invesco Ltd. now owns 1,521,044 shares of the business services provider’s stock valued at $72,158,000 after acquiring an additional 140,142 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Korn Ferry by 53.9% in the fourth quarter. Pacer Advisors Inc. now owns 959,441 shares of the business services provider’s stock worth $56,943,000 after acquiring an additional 336,040 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Korn Ferry from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. William Blair raised Korn Ferry from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Truist Financial upped 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, UBS Group lifted their price target on shares of Korn Ferry from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.00.

Read Our Latest Stock Report on Korn Ferry

Insider Activity

In other Korn Ferry news, Director Jerry Leamon sold 10,000 shares of the 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 approximately $1,105,571.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Korn Ferry Price Performance

Shares of KFY stock opened at $65.94 on Friday. The stock’s fifty day simple moving average is $63.78 and its 200 day simple moving average is $60.05. Korn Ferry has a one year low of $44.45 and a one year high of $69.69. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 22.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 1.83.

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 the consensus estimate of $0.99 by $0.08. The business had revenue of $676.80 million for the quarter, compared to analyst estimates of $657.91 million. Korn Ferry had a net margin of 5.34% and a return on equity of 12.59%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. On average, analysts expect that Korn Ferry will post 4.17 earnings per share 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 issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, March 26th. Korn Ferry’s payout ratio is presently 45.67%.

Korn Ferry Company 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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