Korn Ferry (NYSE:KFY) Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its position in shares of Korn Ferry (NYSE:KFY) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,988 shares of the business services provider’s stock after purchasing an additional 21,910 shares during the quarter. Wedge Capital Management L L P NC owned 0.18% of Korn Ferry worth $5,756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in Korn Ferry during the third quarter valued at approximately $52,000. Nisa Investment Advisors LLC raised its position in Korn Ferry by 13.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 301 shares in the last quarter. Strs Ohio increased its position in shares of Korn Ferry by 300.0% in the third quarter. Strs Ohio now owns 4,000 shares of the business services provider’s stock valued at $189,000 after buying an additional 3,000 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of Korn Ferry in the third quarter valued at approximately $242,000. Finally, Oak Thistle LLC purchased a new stake in shares of Korn Ferry in the third quarter valued at approximately $246,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts have weighed in on KFY shares. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. UBS Group increased their price objective on Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Truist Financial upped their target price on Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Robert W. Baird increased their price objective on Korn Ferry from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, William Blair raised Korn Ferry from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Korn Ferry Stock Up 0.4 %

Shares of Korn Ferry stock opened at $63.22 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.32 billion, a P/E ratio of 21.88 and a beta of 1.47. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $69.69. The business has a 50-day moving average price of $62.82 and a 200 day moving average price of $56.84.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Wednesday, March 6th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. The business had revenue of $676.80 million during the quarter, compared to the consensus estimate of $657.91 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Korn Ferry will post 4.17 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 27th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, March 26th. Korn Ferry’s dividend payout ratio is currently 45.67%.

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.