Intech Investment Management LLC Buys Shares of 21,873 Korn Ferry (NYSE:KFY)

Intech Investment Management LLC purchased a new position in shares of Korn Ferry (NYSE:KFY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,873 shares of the business services provider’s stock, valued at approximately $1,469,000.

A number of other institutional investors have also modified their holdings of KFY. Quest Partners LLC acquired a new position in Korn Ferry in the 4th quarter valued at $29,000. CWM LLC grew its position in shares of Korn Ferry by 97.3% in the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 439 shares during the period. GAMMA Investing LLC increased its stake in Korn Ferry by 40.1% in the first quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 311 shares during the last quarter. Innealta Capital LLC purchased a new position in Korn Ferry during the second quarter worth about $101,000. Finally, Bessemer Group Inc. boosted its stake in Korn Ferry by 40.1% in the 1st quarter. Bessemer Group Inc. now owns 2,387 shares of the business services provider’s stock worth $157,000 after buying an additional 683 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Ratings Changes

KFY has been the topic of several research analyst reports. Robert W. Baird raised their target price 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 reissued a “buy” rating and set a $78.00 price objective (up from $74.00) on shares of Korn Ferry in a research note on Friday, June 14th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, UBS Group upped their price target on Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. One equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Transactions at Korn Ferry

In related news, CFO Robert P. Rozek sold 20,921 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly 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 available through the SEC website. In other news, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the completion of the transaction, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $75.53, for a total transaction 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 approximately $11,672,028.55. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Korn Ferry Stock Performance

Shares of KFY stock opened at $73.72 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.82 billion, a PE ratio of 22.89 and a beta of 1.54. The company’s fifty day simple moving average is $70.72 and its 200-day simple moving average is $66.83. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 EPS 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 company had revenue of $682.80 million for the quarter, compared to analysts’ expectations of $663.84 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate 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. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.01%. Korn Ferry’s dividend payout ratio is currently 45.96%.

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.