Korn Ferry (NYSE:KFY) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of Korn Ferry (NYSE:KFY) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,540 shares of the business services provider’s stock after acquiring an additional 301 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Korn Ferry were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its position in Korn Ferry by 22.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,132 shares of the business services provider’s stock worth $57,000 after acquiring an additional 207 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Korn Ferry by 4.0% in the 4th quarter. Captrust Financial Advisors now owns 5,521 shares of the business services provider’s stock valued at $279,000 after buying an additional 214 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Korn Ferry by 11.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,256 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 223 shares in the last quarter. Bank of Montreal Can increased its stake in Korn Ferry by 1.5% in the 1st quarter. Bank of Montreal Can now owns 16,129 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 239 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Korn Ferry by 4.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,836 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 248 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Korn Ferry

In other news, Director Jerry Leamon sold 10,000 shares of Korn Ferry stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $65.80, for a total transaction of $658,000.00. Following the sale, the director now directly owns 16,802 shares of the company’s stock, valued at $1,105,571.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Korn Ferry Price Performance

Shares of Korn Ferry stock opened at $61.29 on Friday. Korn Ferry has a twelve month low of $44.45 and a twelve month high of $69.69. The stock has a market capitalization of $3.22 billion, a P/E ratio of 21.21 and a beta of 1.47. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average price is $62.68 and its 200 day moving average price is $56.51.

Korn Ferry (NYSE:KFY) last issued its earnings results on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. The firm had revenue of $676.80 million for the quarter, compared to analysts’ expectations of $657.91 million. During the same quarter last year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Korn Ferry will post 4.17 earnings per share for the current year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, March 26th. Korn Ferry’s dividend payout ratio (DPR) is presently 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.