SG Americas Securities LLC Has $644,000 Position in Korn Ferry (NYSE:KFY)

SG Americas Securities LLC lifted its stake in shares of Korn Ferry (NYSE:KFYFree Report) by 202.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,552 shares of the business services provider’s stock after buying an additional 6,393 shares during the quarter. SG Americas Securities LLC’s holdings in Korn Ferry were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its position in Korn Ferry by 30.1% during the second quarter. AQR Capital Management LLC now owns 29,350 shares of the business services provider’s stock worth $1,971,000 after acquiring an additional 6,797 shares during the last quarter. Millennium Management LLC lifted its holdings in Korn Ferry by 50.7% during the 2nd quarter. Millennium Management LLC now owns 310,538 shares of the business services provider’s stock worth $20,850,000 after purchasing an additional 104,447 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Korn Ferry by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,720 shares of the business services provider’s stock valued at $1,928,000 after purchasing an additional 814 shares during the period. Creative Planning grew its holdings in Korn Ferry by 62.4% in the 2nd quarter. Creative Planning now owns 16,950 shares of the business services provider’s stock valued at $1,138,000 after buying an additional 6,510 shares in the last quarter. Finally, Quarry LP increased its position in Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after buying an additional 826 shares during the period. Institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KFY shares. Truist Financial boosted their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Korn Ferry has an average rating of “Moderate Buy” and an average target price of $77.00.

Check Out Our Latest Research Report on Korn Ferry

Korn Ferry Price Performance

Shares of NYSE KFY opened at $71.63 on Friday. The business has a fifty day moving average price of $70.70 and a two-hundred day moving average price of $71.45. The stock has a market capitalization of $3.70 billion, a PE ratio of 15.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Korn Ferry has a fifty-two week low of $57.80 and a fifty-two week high of $80.64.

Korn Ferry (NYSE:KFYGet Free Report) last posted its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Korn Ferry’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.07%. Korn Ferry’s dividend payout ratio is currently 31.62%.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief executive officer now owns 68,869 shares of the company’s stock, valued at approximately $4,975,096.56. The trade was a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Korn Ferry 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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