Smartleaf Asset Management LLC Grows Position in Korn Ferry (NYSE:KFY)

Smartleaf Asset Management LLC grew its stake in shares of Korn Ferry (NYSE:KFY) by 230.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,381 shares of the business services provider’s stock after purchasing an additional 963 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Korn Ferry were worth $93,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Korn Ferry by 5.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,343 shares of the business services provider’s stock worth $402,000 after acquiring an additional 299 shares during the period. Janney Montgomery Scott LLC lifted its stake in Korn Ferry by 80.8% in the third quarter. Janney Montgomery Scott LLC now owns 15,042 shares of the business services provider’s stock worth $1,132,000 after acquiring an additional 6,721 shares during the period. QRG Capital Management Inc. lifted its stake in Korn Ferry by 4.3% in the third quarter. QRG Capital Management Inc. now owns 13,847 shares of the business services provider’s stock worth $1,042,000 after acquiring an additional 574 shares during the period. Principal Financial Group Inc. lifted its stake in Korn Ferry by 5.7% in the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider’s stock worth $20,463,000 after acquiring an additional 14,601 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in Korn Ferry by 6.4% in the third quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider’s stock worth $370,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Insider Activity

In other news, CEO Mark Arian sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief executive officer now directly owns 68,869 shares in the company, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Korn Ferry Price Performance

KFY opened at $65.67 on Friday. The stock has a fifty day simple moving average of $67.63 and a two-hundred day simple moving average of $70.87. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 14.03 and a beta of 1.57. Korn Ferry has a 12-month low of $59.78 and a 12-month high of $80.64.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. During the same period last year, the company earned $0.97 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. Research analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KFY shares. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial increased their price objective on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th.

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.