Korn Ferry (NYSE:KFY) Stock Holdings Lessened by Rhumbline Advisers

Rhumbline Advisers lessened its position in Korn Ferry (NYSE:KFY) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,113 shares of the business services provider’s stock after selling 7,930 shares during the period. Rhumbline Advisers owned approximately 0.29% of Korn Ferry worth $10,318,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of Korn Ferry by 75.9% in the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider’s stock worth $35,000 after purchasing an additional 223 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Korn Ferry in the fourth quarter valued at approximately $76,000. Smartleaf Asset Management LLC lifted its stake in Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 963 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 1,491 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Korn Ferry in the fourth quarter worth $122,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Stock Down 0.3%

Shares of NYSE:KFY opened at $69.77 on Tuesday. Korn Ferry has a 12 month low of $59.23 and a 12 month high of $80.64. The company’s 50-day moving average price is $65.08 and its two-hundred day moving average price is $67.51. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.60 billion, a P/E ratio of 14.91 and a beta of 1.42.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Korn Ferry will post 4.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Korn Ferry from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group lowered their price target on shares of Korn Ferry from $75.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, May 27th. Finally, Truist Financial lowered their target price on shares of Korn Ferry from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th.

Korn Ferry 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.