Yousif Capital Management LLC Sells 684 Shares of Korn Ferry (NYSE:KFY)

Yousif Capital Management LLC trimmed its holdings in shares of Korn Ferry (NYSE:KFY) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,852 shares of the business services provider’s stock after selling 684 shares during the quarter. Yousif Capital Management LLC’s holdings in Korn Ferry were worth $1,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Korn Ferry by 1,083.4% in the third quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 2,026 shares during the last quarter. CWM LLC increased its position in shares of Korn Ferry by 153.9% during the 3rd quarter. CWM LLC now owns 2,260 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 1,370 shares during the last quarter. KBC Group NV raised its holdings in shares of Korn Ferry by 68.5% during the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,033 shares in the last quarter. Highland Capital Management LLC bought a new stake in Korn Ferry in the 4th quarter worth approximately $201,000. Finally, Glenmede Trust Co. NA purchased a new stake in Korn Ferry in the third quarter worth approximately $203,000. 98.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Korn Ferry Trading Up 0.4 %

KFY opened at $66.68 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 52 week low of $57.91 and a 52 week high of $80.64. The stock has a market cap of $3.44 billion, a PE ratio of 14.25 and a beta of 1.57. The business has a 50 day moving average of $68.83 and a 200-day moving average of $71.29.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business had revenue of $682.00 million for the quarter, compared to analyst estimates of $675.35 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Korn Ferry’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.22%. Korn Ferry’s dividend payout ratio (DPR) is presently 31.62%.

Insiders Place Their Bets

In other news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the transaction, the chief executive officer now directly owns 68,869 shares of the company’s stock, valued at $4,975,096.56. This represents a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Korn Ferry Company 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.