Keybank National Association OH Has $483,000 Holdings in Korn Ferry (NYSE:KFY)

Keybank National Association OH increased its holdings in shares of Korn Ferry (NYSE:KFY) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,166 shares of the business services provider’s stock after buying an additional 1,285 shares during the quarter. Keybank National Association OH’s holdings in Korn Ferry were worth $483,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock worth $93,000 after buying an additional 963 shares during the period. Venturi Wealth Management LLC bought a new position in Korn Ferry during the 4th quarter worth about $122,000. KBC Group NV increased its holdings in Korn Ferry by 68.5% during the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock worth $171,000 after purchasing an additional 1,033 shares in the last quarter. Highland Capital Management LLC bought a new position in Korn Ferry during the 4th quarter worth about $201,000. Finally, Glenmede Trust Co. NA bought a new position in Korn Ferry during the 3rd quarter worth about $203,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $65.67 on Monday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.03 and a beta of 1.57. The business has a 50-day moving average of $67.63 and a 200-day moving average of $70.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data 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 company had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. During the same quarter last year, the company earned $0.97 EPS. Korn Ferry’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the sale, 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 SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

About Korn Ferry

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.