SG Americas Securities LLC Purchases 6,393 Shares of Korn Ferry (NYSE:KFY)

SG Americas Securities LLC raised its position in Korn Ferry (NYSE:KFY) by 202.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,552 shares of the business services provider’s stock after purchasing an additional 6,393 shares during the period. SG Americas Securities LLC’s holdings in Korn Ferry were worth $644,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of KFY. Pacer Advisors Inc. bought a new stake in shares of Korn Ferry in the 3rd quarter valued at $103,546,000. JPMorgan Chase & Co. grew its stake in Korn Ferry by 193.9% in the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after acquiring an additional 281,024 shares during the period. Barclays PLC increased its holdings in shares of Korn Ferry by 129.0% in the third quarter. Barclays PLC now owns 239,937 shares of the business services provider’s stock worth $18,053,000 after acquiring an additional 135,148 shares in the last quarter. Jennison Associates LLC raised its position in shares of Korn Ferry by 13.2% during the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock worth $74,337,000 after purchasing an additional 115,523 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Korn Ferry by 50.7% during the 2nd quarter. Millennium Management LLC now owns 310,538 shares of the business services provider’s stock valued at $20,850,000 after purchasing an additional 104,447 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Up 1.1 %

NYSE:KFY opened at $71.63 on Friday. The stock has a 50-day simple moving average of $70.70 and a 200 day simple moving average of $71.45. Korn Ferry has a 52-week low of $57.80 and a 52-week high of $80.64. The company has a market cap 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 quick ratio of 2.07 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The company had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. On average, sell-side analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Announces Dividend

The firm also recently declared 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 was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.07%. Korn Ferry’s dividend payout ratio (DPR) is presently 31.62%.

Insider Transactions at Korn Ferry

In other news, CEO Mark Arian sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 68,869 shares of the company’s stock, valued at approximately $4,975,096.56. This represents a 22.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

KFY has been the subject of a number of research reports. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial increased their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.00.

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.