Korn Ferry (NYSE:KFY) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP increased its position in shares of Korn Ferry (NYSE:KFY) by 216.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,049 shares of the business services provider’s stock after purchasing an additional 17,132 shares during the period. Seven Eight Capital LP’s holdings in Korn Ferry were worth $1,682,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KFY. Arizona State Retirement System boosted its stake in Korn Ferry by 1.2% in the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after acquiring an additional 168 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Korn Ferry by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after purchasing an additional 229 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Korn Ferry by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the business services provider’s stock valued at $1,766,000 after purchasing an additional 300 shares during the period. GAMMA Investing LLC grew its stake in Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after buying an additional 306 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in Korn Ferry by 2.5% during the first quarter. Azzad Asset Management Inc. ADV now owns 14,548 shares of the business services provider’s stock worth $957,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn Ferry Stock Performance

NYSE:KFY opened at $73.13 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 1.83. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 22.71 and a beta of 1.54. The firm’s fifty day moving average price is $70.03 and its 200 day moving average price is $66.51. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $75.30.

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

Korn Ferry Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KFY shares. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Robert W. Baird raised their price objective 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. Truist Financial restated a “buy” rating and issued a $78.00 price objective (up from $74.00) on shares of Korn Ferry in a research note on Friday, June 14th. Finally, UBS Group increased their target price on shares of Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Korn Ferry currently has an average rating of “Moderate Buy” and an average target price 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.