Zurcher Kantonalbank Zurich Cantonalbank Buys 1,342 Shares of Korn Ferry (NYSE:KFY)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Korn Ferry (NYSE:KFY) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,010 shares of the business services provider’s stock after acquiring an additional 1,342 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Korn Ferry were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KFY. Norges Bank bought a new stake in shares of Korn Ferry in the 4th quarter valued at $36,347,000. Circumference Group LLC bought a new stake in Korn Ferry during the fourth quarter valued at $2,131,000. Charles Schwab Investment Management Inc. grew its holdings in Korn Ferry by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,462 shares of the business services provider’s stock worth $42,700,000 after acquiring an additional 35,985 shares during the period. Janus Henderson Group PLC raised its position in shares of Korn Ferry by 161.5% in the 1st quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider’s stock worth $4,409,000 after acquiring an additional 41,416 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Korn Ferry during the 1st quarter valued at about $815,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Transactions at Korn Ferry

In related news, CEO Mark Arian sold 5,000 shares of Korn Ferry stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $66.01, for a total transaction of $330,050.00. Following the transaction, the chief executive officer now owns 91,484 shares of the company’s stock, valued at $6,038,858.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE:KFY opened at $71.29 on Thursday. Korn Ferry has a twelve month low of $44.45 and a twelve month high of $75.30. The stock’s 50 day moving average is $69.43 and its 200-day moving average is $65.87. The company has a quick ratio of 1.83, a current ratio of 1.79 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 22.14 and a beta of 1.54.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.13. The business had revenue of $690.80 million during the quarter, compared to analyst estimates of $687.36 million. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. Korn Ferry’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. Sell-side analysts forecast that Korn Ferry will post 4.81 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.37 per share. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, July 3rd. Korn Ferry’s payout ratio is currently 45.96%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KFY shares. UBS Group lifted their target price on Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. Truist Financial reiterated a “buy” rating and set a $78.00 target price (up previously from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. Robert W. Baird raised their price target on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Finally, StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

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.