Janney Montgomery Scott LLC Has $1.05 Million Holdings in Korn Ferry (NYSE:KFY)

Janney Montgomery Scott LLC increased its stake in shares of Korn Ferry (NYSE:KFY) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,571 shares of the business services provider’s stock after acquiring an additional 529 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Korn Ferry were worth $1,050,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Heritage Family Offices LLP increased its holdings in shares of Korn Ferry by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock worth $260,000 after purchasing an additional 259 shares during the period. Simplicity Wealth LLC increased its stake in Korn Ferry by 4.8% during the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 283 shares during the period. Verdence Capital Advisors LLC raised its holdings in Korn Ferry by 6.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider’s stock valued at $370,000 after acquiring an additional 294 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Korn Ferry by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,343 shares of the business services provider’s stock worth $402,000 after acquiring an additional 299 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Korn Ferry by 26.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock worth $132,000 after purchasing an additional 362 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on KFY shares. Truist Financial raised their target price on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Korn Ferry presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Korn Ferry Stock Down 0.2 %

Shares of NYSE KFY opened at $69.65 on Thursday. The business has a fifty day moving average of $70.02 and a two-hundred day moving average of $71.45. 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 has a 52-week low of $57.80 and a 52-week high of $80.64. The stock has a market cap of $3.59 billion, a PE ratio of 14.88 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data 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 analyst estimates of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share. As a group, equities research analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, December 20th. Korn Ferry’s dividend payout ratio is currently 31.62%.

Insiders Place Their Bets

In other news, CEO Mark Arian sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 68,869 shares in the company, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.