Savant Capital LLC Buys 249 Shares of Korn Ferry (NYSE:KFY)

Savant Capital LLC boosted its holdings in Korn Ferry (NYSE:KFY) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,629 shares of the business services provider’s stock after buying an additional 249 shares during the quarter. Savant Capital LLC’s holdings in Korn Ferry were worth $245,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised 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 lifted its holdings in 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 buying an additional 1,370 shares during the period. KBC Group NV raised its holdings in shares of Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,033 shares during the period. Glenmede Trust Co. NA acquired a new stake in Korn Ferry in the third quarter valued at approximately $203,000. Finally, MML Investors Services LLC bought a new stake in Korn Ferry during the 3rd quarter valued at $209,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Down 0.9 %

Shares of NYSE KFY opened at $66.27 on Wednesday. Korn Ferry has a one year low of $57.91 and a one year high of $80.64. The business’s fifty day moving average price is $68.51 and its 200-day moving average price is $71.17. The stock has a market capitalization of $3.42 billion, a PE ratio of 14.16 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 announced its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The firm had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. On average, equities research analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, December 20th. Korn Ferry’s dividend payout ratio is currently 31.62%.

Insider Activity

In other Korn Ferry 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 completion of the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at $4,975,096.56. This represents a 22.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KFY shares. Truist Financial lifted their price target on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com upgraded 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 given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.