Vanguard Group Inc. Purchases 34,960 Shares of Korn Ferry (NYSE:KFY)

Vanguard Group Inc. grew its position in shares of Korn Ferry (NYSE:KFY) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,257,755 shares of the business services provider’s stock after buying an additional 34,960 shares during the quarter. Vanguard Group Inc. owned 11.91% of Korn Ferry worth $296,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of KFY. Belpointe Asset Management LLC increased its stake in shares of Korn Ferry by 181.8% during the 1st quarter. Belpointe Asset Management LLC now owns 775 shares of the business services provider’s stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Korn Ferry by 55.2% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the business services provider’s stock worth $61,000 after purchasing an additional 336 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Korn Ferry during the 3rd quarter worth approximately $52,000. Rockefeller Capital Management L.P. increased its stake in shares of Korn Ferry by 22.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,132 shares of the business services provider’s stock worth $57,000 after purchasing an additional 207 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Korn Ferry by 22.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,695 shares of the business services provider’s stock worth $110,000 after purchasing an additional 313 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Insider Transactions at Korn Ferry

In other news, Director Jerry Leamon sold 10,000 shares of Korn Ferry stock in a transaction on Friday, March 8th. The shares were sold at an average price of $65.80, for a total transaction of $658,000.00. Following the completion of the sale, the director now directly owns 16,802 shares of the company’s stock, valued at approximately $1,105,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

Korn Ferry Stock Up 2.3 %

KFY opened at $65.92 on Thursday. The company has a fifty day moving average price of $61.12 and a 200-day moving average price of $54.76. The firm has a market capitalization of $3.46 billion, a P/E ratio of 22.81 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 has a one year low of $44.45 and a one year high of $69.69.

Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Wednesday, March 6th. The business services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The firm had revenue of $676.80 million during 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 business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS. Equities research analysts expect that Korn Ferry will post 4.17 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Wednesday, March 27th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, March 26th. Korn Ferry’s dividend payout ratio is currently 45.67%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Robert W. Baird lifted their price objective on shares of Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Truist Financial lifted their price objective on shares of Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, March 4th. William Blair upgraded shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th. Finally, StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.75.

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.