Blue Trust Inc. Acquires 991 Shares of Korn Ferry (NYSE:KFY)

Blue Trust Inc. boosted its holdings in Korn Ferry (NYSE:KFY) by 44.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,204 shares of the business services provider’s stock after buying an additional 991 shares during the period. Blue Trust Inc.’s holdings in Korn Ferry were worth $216,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KFY. GAMMA Investing LLC raised its position in shares of Korn Ferry by 26.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock valued at $132,000 after buying an additional 362 shares during the last quarter. CWM LLC increased its stake in Korn Ferry by 153.9% during the third quarter. CWM LLC now owns 2,260 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 1,370 shares during the period. Glenmede Trust Co. NA acquired a new position in Korn Ferry in the 3rd quarter valued at approximately $203,000. MML Investors Services LLC bought a new stake in shares of Korn Ferry in the 3rd quarter worth approximately $209,000. Finally, Cim Investment Management Inc. acquired a new stake in shares of Korn Ferry during the 3rd quarter worth approximately $209,000. 98.82% of the stock is owned by institutional investors.

Korn Ferry Stock Down 0.7 %

Shares of NYSE:KFY opened at $70.20 on Tuesday. The company has a 50 day moving average of $70.39 and a 200-day moving average of $71.47. Korn Ferry has a one year low of $57.80 and a one year high of $80.64. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 15.00 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

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

Korn Ferry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, December 20th. Korn Ferry’s dividend payout ratio (DPR) is 31.62%.

Insider Activity at Korn Ferry

In related 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 transaction of $1,444,800.00. Following the completion of the sale, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on KFY. Truist Financial raised their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. One equities research 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 has a consensus rating of “Moderate Buy” and an average target price 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.