State of Alaska Department of Revenue Sells 417 Shares of Korn Ferry (NYSE:KFY)

State of Alaska Department of Revenue decreased its stake in shares of Korn Ferry (NYSE:KFYFree Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 32,008 shares of the business services provider’s stock after selling 417 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Korn Ferry worth $2,104,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quest Partners LLC bought a new stake in Korn Ferry in the 4th quarter valued at $29,000. GAMMA Investing LLC bought a new stake in Korn Ferry in the fourth quarter valued at about $45,000. Quadrant Capital Group LLC increased its stake in Korn Ferry by 90.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 503 shares during the period. Nisa Investment Advisors LLC raised its position in Korn Ferry by 13.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock worth $151,000 after purchasing an additional 301 shares in the last quarter. Finally, Cim Investment Management Inc. bought a new position in Korn Ferry during the fourth quarter worth about $204,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Ratings Changes

KFY has been the topic of several analyst reports. Truist Financial reiterated a “buy” rating and issued a $78.00 price objective (up from $74.00) on shares of Korn Ferry in a research note on Friday, June 14th. Robert W. Baird increased their price objective on Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. UBS Group lifted their price objective on Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Finally, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

View Our Latest Research Report on Korn Ferry

Insider Activity

In related news, CEO Mark Arian sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $66.01, for a total value of $330,050.00. Following the transaction, the chief executive officer now owns 91,484 shares in the company, valued at $6,038,858.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Korn Ferry Trading Down 2.1 %

KFY stock opened at $65.96 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.79 and a quick ratio of 1.83. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 20.48 and a beta of 1.54. The business has a fifty day moving average price of $65.38 and a 200 day moving average price of $62.32. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $70.78.

Korn Ferry (NYSE:KFYGet Free Report) last issued its quarterly earnings results on Thursday, June 13th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.13. The business had revenue of $690.80 million for the quarter, compared to the consensus estimate of $687.36 million. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. Analysts expect that Korn Ferry will post 4.86 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.24%. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, July 3rd. Korn Ferry’s dividend payout ratio (DPR) is presently 45.96%.

About Korn Ferry

(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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