State of Alaska Department of Revenue Has $1.99 Million Holdings in Korn Ferry (NYSE:KFY)

State of Alaska Department of Revenue decreased its position in shares of Korn Ferry (NYSE:KFY) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,559 shares of the business services provider’s stock after selling 553 shares during the period. State of Alaska Department of Revenue owned 0.06% of Korn Ferry worth $1,993,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Korn Ferry by 1,083.4% in the 3rd quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider’s stock valued at $167,000 after buying an additional 2,026 shares during the last quarter. CWM LLC boosted its position in shares of Korn Ferry by 153.9% in 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. KBC Group NV increased 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 worth $171,000 after purchasing an additional 1,033 shares during the period. Highland Capital Management LLC acquired a new position in shares of Korn Ferry during the fourth quarter valued at about $201,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of Korn Ferry in the third quarter valued at about $203,000. 98.82% of the stock is currently owned by institutional investors.

Insider Transactions at Korn Ferry

In related news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 68,869 shares in the company, valued at $4,975,096.56. This represents a 22.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on KFY shares. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial boosted their price objective on Korn Ferry from $78.00 to $84.00 and gave the company 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Korn Ferry Stock Up 0.8 %

NYSE KFY opened at $68.23 on Wednesday. Korn Ferry has a 1-year low of $57.80 and a 1-year high of $80.64. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 14.58 and a beta of 1.57. The stock’s 50 day moving average is $69.18 and its two-hundred day moving average is $71.36. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

Korn Ferry (NYSE:KFY) last announced its quarterly 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 return on equity of 14.27% and a net margin of 9.03%. 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 earned $0.97 EPS. Korn Ferry’s quarterly revenue was down 4.3% on a year-over-year basis. Equities analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were paid 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 2.17%. Korn Ferry’s dividend payout ratio is 31.62%.

About Korn Ferry

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.