2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board purchased a new stake in Korn Ferry ( NYSE:KFY – Free Report ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,200 shares of the business services provider’s stock, valued at approximately $148,000. Several other large investors have also recently bought and sold shares of the stock.
Arizona State Retirement System raised its holdings in Korn Ferry by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after acquiring an additional 168 shares during the period.
SummerHaven Investment Management LLC grew its position in shares of Korn Ferry by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock worth $961,000 after purchasing an additional 229 shares in the last quarter.
Louisiana State Employees Retirement System grew its position in shares of Korn Ferry by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the business services provider’s stock worth $1,766,000 after purchasing an additional 300 shares in the last quarter.
GAMMA Investing LLC grew its position in shares of Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after purchasing an additional 306 shares in the last quarter.
Finally, Azzad Asset Management Inc. ADV grew its position in shares of Korn Ferry by 2.5% during the 1st quarter.
Azzad Asset Management Inc. ADV now owns 14,548 shares of the business services provider’s stock worth $957,000 after purchasing an additional 360 shares in the last quarter. 98.
82% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Korn Ferry from $66.
00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. StockNews.
com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Robert W. Baird increased their target price on shares of Korn Ferry from $72.
00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Finally, Truist Financial reiterated a “buy” rating and set a $78.
00 price target (up previously from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
Based on data from MarketBeat, Korn Ferry currently has a consensus rating of “Moderate Buy” and an average target price of $75.00. Insider Buying and Selling at Korn Ferry In other Korn Ferry news, CFO Robert P.
Rozek sold 20,921 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value of $1,580,163.
13. Following the sale, the chief financial officer now owns 154,535 shares in the company, valued at $11,672,028.55.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . In other news, insider Michael Distefano sold 5,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.
36, for a total transaction of $361,800.00. Following the completion of the transaction, the insider now owns 50,954 shares of the company’s stock, valued at $3,687,031.
44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, CFO Robert P.
Rozek sold 20,921 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.
13. Following the transaction, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55.
The disclosure for this sale can be found here . Company insiders own 1.50% of the company’s stock.
Korn Ferry Stock Performance NYSE KFY opened at $73.40 on Friday. The company has a current ratio of 2.
15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23.
The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 22.80 and a beta of 1.
54. The firm’s 50 day simple moving average is $70.85 and its 200 day simple moving average is $66.
99. Korn Ferry has a 1 year low of $44.45 and a 1 year high of $76.
63. Korn Ferry ( NYSE:KFY – Get Free Report ) last posted its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.
18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06.
Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%.
The business had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million.
During the same quarter last year, the business posted $0.99 EPS. The firm’s revenue for the quarter was down 3.
3% on a year-over-year basis. As a group, research analysts expect that Korn Ferry will post 4.84 earnings per share for the current fiscal year.
Korn Ferry Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be given a $0.37 dividend.
The ex-dividend date is Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 2.
02%. Korn Ferry’s dividend payout ratio is currently 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.
See Also Want to see what other hedge funds are holding KFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Korn Ferry ( NYSE:KFY – Free Report ). Receive News & Ratings for Korn Ferry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn Ferry and related companies with MarketBeat.
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