Prairiewood Capital LLC Has $314,000 Position in Korn Ferry (NYSE:KFY)

Prairiewood Capital LLC reduced its stake in Korn Ferry (NYSE:KFY) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,660 shares of the business services provider’s stock after selling 173 shares during the period. Prairiewood Capital LLC’s holdings in Korn Ferry were worth $314,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. HB Wealth Management LLC acquired a new position in shares of Korn Ferry during the fourth quarter worth approximately $219,000. Wedge Capital Management L L P NC lifted its stake in shares of Korn Ferry by 6.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 77,613 shares of the business services provider’s stock valued at $5,235,000 after buying an additional 4,388 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Korn Ferry in the fourth quarter valued at $222,000. Heritage Family Offices LLP grew its holdings in shares of Korn Ferry by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock valued at $260,000 after buying an additional 259 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Korn Ferry by 193.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock worth $32,050,000 after acquiring an additional 281,024 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total value of $1,444,800.00. Following the transaction, the chief executive officer now owns 68,869 shares in the company, valued at approximately $4,975,096.56. This represents a 22.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Korn Ferry Trading Up 1.3 %

NYSE:KFY opened at $70.69 on Tuesday. Korn Ferry has a 52 week low of $55.26 and a 52 week high of $80.64. The firm has a 50-day moving average price of $71.59 and a two-hundred day moving average price of $71.24. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 15.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates 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 period last year, the company posted $0.97 earnings per share. Korn Ferry’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.09%. Korn Ferry’s payout ratio is currently 31.62%.

Wall Street Analyst Weigh In

KFY has been the subject of a number of analyst reports. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial upped their price target on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Korn Ferry presently has a consensus rating of “Moderate Buy” and an average 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.