Driehaus Capital Management LLC Purchases 21,235 Shares of Korn Ferry (NYSE:KFY)

Driehaus Capital Management LLC grew its position in Korn Ferry (NYSE:KFY) by 7.7% during the second quarter, HoldingsChannel.com reports. The firm owned 295,460 shares of the business services provider’s stock after buying an additional 21,235 shares during the quarter. Driehaus Capital Management LLC’s holdings in Korn Ferry were worth $19,837,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Circumference Group LLC bought a new stake in shares of Korn Ferry in the fourth quarter valued at about $2,131,000. Janus Henderson Group PLC raised its holdings in Korn Ferry by 161.5% during the first 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. UniSuper Management Pty Ltd bought a new stake in Korn Ferry during the first quarter worth about $815,000. Diversify Advisory Services LLC bought a new stake in Korn Ferry during the second quarter worth about $1,158,000. Finally, Jennison Associates LLC bought a new stake in Korn Ferry during the first quarter worth about $52,948,000. 98.82% of the stock is currently owned by institutional investors.

Insider Transactions at Korn Ferry

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

Korn Ferry Price Performance

Shares of NYSE KFY opened at $73.40 on Friday. The business’s 50 day moving average price is $70.85 and its two-hundred day moving average price is $66.99. The company has a market cap of $3.80 billion, a PE ratio of 22.80 and a beta of 1.54. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. Korn Ferry has a twelve month low of $44.45 and a twelve month high of $76.63.

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

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, September 19th. Korn Ferry’s payout ratio is 45.96%.

Analyst Ratings Changes

Several analysts recently issued reports on KFY shares. Robert W. Baird upped their target price on Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. 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 report on Friday, June 14th. Finally, UBS Group boosted 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

About Korn Ferry

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.