Korn Ferry (NYSE:KFY) Stock Holdings Trimmed by Paradice Investment Management LLC

Paradice Investment Management LLC decreased its holdings in Korn Ferry (NYSE:KFYFree Report) by 36.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 361,447 shares of the business services provider’s stock after selling 208,770 shares during the quarter. Korn Ferry accounts for approximately 2.7% of Paradice Investment Management LLC’s holdings, making the stock its 20th largest position. Paradice Investment Management LLC owned approximately 0.69% of Korn Ferry worth $21,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KFY. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Korn Ferry by 13.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,799 shares of the business services provider’s stock worth $512,000 after purchasing an additional 1,246 shares in the last quarter. Strs Ohio grew its stake 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 worth $189,000 after purchasing an additional 3,000 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Korn Ferry by 12.7% in the third quarter. Teacher Retirement System of Texas now owns 6,888 shares of the business services provider’s stock worth $327,000 after purchasing an additional 775 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Korn Ferry by 3.5% in the third quarter. Victory Capital Management Inc. now owns 48,668 shares of the business services provider’s stock worth $2,309,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Korn Ferry by 525.6% in the third quarter. Assenagon Asset Management S.A. now owns 224,741 shares of the business services provider’s stock worth $10,662,000 after purchasing an additional 188,817 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on KFY

Insider Activity at Korn Ferry

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

Korn Ferry Trading Up 0.3 %

Shares of NYSE KFY traded up $0.18 during mid-day trading on Friday, hitting $66.43. 174,950 shares of the company traded hands, compared to its average volume of 343,630. Korn Ferry has a 1 year low of $44.45 and a 1 year high of $69.69. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 22.98 and a beta of 1.47. 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 business has a 50 day moving average of $63.44 and a two-hundred day moving average of $58.70.

Korn Ferry (NYSE:KFYGet Free Report) last announced its earnings results on Wednesday, March 6th. The business services provider reported $1.07 EPS for the quarter, beating 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 prior year, the business posted $1.01 earnings per share. Korn Ferry’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate 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. Investors of record on Wednesday, March 27th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.99%. The ex-dividend date was Tuesday, March 26th. Korn Ferry’s payout ratio is 45.67%.

Korn Ferry Company Profile

(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.

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Institutional Ownership by Quarter for Korn Ferry (NYSE:KFY)

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