Mercer Global Advisors Inc. ADV Buys 705 Shares of Korn Ferry (NYSE:KFY)

Mercer Global Advisors Inc. ADV raised its stake in Korn Ferry (NYSE:KFY) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,680 shares of the business services provider’s stock after acquiring an additional 705 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Korn Ferry were worth $650,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KFY. Vanguard Group Inc. grew its holdings in shares of Korn Ferry by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock worth $417,868,000 after purchasing an additional 134,209 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Korn Ferry by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock worth $220,296,000 after buying an additional 48,993 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Korn Ferry by 0.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider’s stock worth $90,992,000 after buying an additional 5,261 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Korn Ferry by 24.6% during the first quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock worth $73,565,000 after buying an additional 220,564 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Korn Ferry in the first quarter valued at approximately $52,948,000. 98.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Korn Ferry

In other news, CFO Robert P. Rozek sold 20,921 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $75.53, for a total value of $1,580,163.13. Following the transaction, the chief financial officer now owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value of $361,800.00. Following the sale, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the transaction, the chief financial officer now owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Korn Ferry Stock Up 0.7 %

Shares of KFY opened at $72.99 on Friday. The business’s fifty day moving average price is $70.78 and its two-hundred day moving average price is $66.91. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 22.67 and a beta of 1.54. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $682.80 million for the quarter, compared to analysts’ expectations of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. On average, analysts predict that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 2.03%. Korn Ferry’s dividend payout ratio is currently 45.96%.

Korn Ferry Company 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.