Leeward Investments LLC MA Decreases Holdings in Korn Ferry (NYSE:KFY)

Leeward Investments LLC MA trimmed its stake in shares of Korn Ferry (NYSE:KFY) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,645 shares of the business services provider’s stock after selling 1,915 shares during the period. Leeward Investments LLC MA owned 0.47% of Korn Ferry worth $14,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KFY. GAMMA Investing LLC acquired a new stake in shares of Korn Ferry in the fourth quarter valued at about $45,000. DekaBank Deutsche Girozentrale acquired a new stake in Korn Ferry during the third quarter worth about $52,000. Nisa Investment Advisors LLC increased its position in shares of 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 during the last quarter. Strs Ohio increased its position in shares of Korn Ferry by 300.0% during the third quarter. Strs Ohio now owns 4,000 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 3,000 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Korn Ferry during the third quarter valued at about $242,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jerry Leamon sold 10,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.80, for a total value of $658,000.00. Following the sale, the director now directly owns 16,802 shares in the company, valued at approximately $1,105,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $61.01 on Friday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 21.11 and a beta of 1.47. Korn Ferry has a one year low of $44.45 and a one year high of $69.69. The company’s fifty day moving average is $62.94 and its two-hundred day moving average is $56.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83.

Korn Ferry (NYSE:KFY) last issued its earnings results on Wednesday, March 6th. The business services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. The company had revenue of $676.80 million for 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 was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. Analysts forecast that Korn Ferry will post 4.17 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.32 annualized dividend and a dividend yield of 2.16%. Korn Ferry’s payout ratio is currently 45.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KFY. Truist Financial lifted their price target on shares of Korn Ferry from $64.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. UBS Group lifted their target price on shares of Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. William Blair raised shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th. Finally, Robert W. Baird lifted their target price on shares of Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Korn Ferry presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

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.