Korn Ferry (NYSE:KFY) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its stake in Korn Ferry (NYSE:KFY) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,970 shares of the business services provider’s stock after selling 910 shares during the period. Everence Capital Management Inc.’s holdings in Korn Ferry were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KFY. Arizona State Retirement System lifted its position in shares of Korn Ferry by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock worth $981,000 after buying an additional 168 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of Korn Ferry by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock worth $1,144,000 after acquiring an additional 231 shares in the last quarter. Simplicity Wealth LLC grew its position in Korn Ferry by 4.8% in the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock worth $462,000 after acquiring an additional 283 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Korn Ferry by 6.4% in the third quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider’s stock worth $370,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KFY shares. Truist Financial lifted their price objective on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Korn Ferry Trading Up 1.8 %

Shares of NYSE KFY opened at $68.03 on Monday. The company’s fifty day moving average is $72.93 and its 200-day moving average is $71.18. The company has a quick ratio of 2.15, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 14.54 and a beta of 1.56. Korn Ferry has a twelve month low of $54.77 and a twelve month high of $80.64.

Korn Ferry (NYSE:KFY) last issued 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. The company had revenue of $682.00 million for the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. Equities research analysts predict that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.18%. Korn Ferry’s dividend payout ratio (DPR) is currently 31.62%.

Insiders Place Their Bets

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total value 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 $4,975,096.56. This represents a 22.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Debra J. Perry sold 5,280 shares of Korn Ferry stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the transaction, the director now owns 46,180 shares in the company, valued at approximately $3,384,994. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Korn Ferry 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.