SummerHaven Investment Management LLC Buys 188 Shares of Korn Ferry (NYSE:KFY)

SummerHaven Investment Management LLC boosted its stake in shares of Korn Ferry (NYSE:KFY) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,925 shares of the business services provider’s stock after purchasing an additional 188 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Korn Ferry were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KFY. GAMMA Investing LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth $45,000. DekaBank Deutsche Girozentrale acquired a new position in Korn Ferry in the third quarter valued at about $52,000. Nisa Investment Advisors LLC raised its stake in Korn Ferry by 13.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 301 shares in the last quarter. Strs Ohio raised its stake in Korn Ferry by 300.0% in the third quarter. Strs Ohio now owns 4,000 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,000 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in Korn Ferry in the third quarter valued at about $242,000. 98.82% of the stock is owned by institutional investors.

Insider Transactions at Korn Ferry

In other news, Director Jerry Leamon sold 10,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $65.80, for a total transaction of $658,000.00. Following the sale, the director now directly owns 16,802 shares in the company, valued at $1,105,571.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group boosted their price target on Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. William Blair raised Korn Ferry from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th. Truist Financial boosted their price target on Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Robert W. Baird boosted their price target on Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Korn Ferry has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Korn Ferry Price Performance

NYSE KFY traded up $0.58 during trading on Monday, hitting $61.59. 27,158 shares of the company’s stock were exchanged, compared to its average volume of 356,399. The company has a market cap of $3.24 billion, a PE ratio of 21.11 and a beta of 1.47. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $62.94 and its two-hundred day moving average price is $57.10. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $69.69.

Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. The company had revenue of $676.80 million for the quarter, compared to analysts’ expectations of $657.91 million. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. Research analysts expect that Korn Ferry will post 4.17 EPS for the current year.

Korn Ferry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Tuesday, March 26th. Korn Ferry’s dividend payout ratio (DPR) is currently 45.67%.

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.