Cookson Peirce & Co. Inc. Grows Holdings in Korn Ferry (NYSE:KFY)

Cookson Peirce & Co. Inc. lifted its holdings in Korn Ferry (NYSE:KFY) by 13.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,134 shares of the business services provider’s stock after acquiring an additional 853 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Korn Ferry were worth $481,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Korn Ferry by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock worth $93,000 after acquiring an additional 963 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Korn Ferry in the 4th quarter worth approximately $122,000. KBC Group NV lifted its holdings in shares of Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock worth $171,000 after acquiring an additional 1,033 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Korn Ferry in the 3rd quarter worth approximately $203,000. Finally, MML Investors Services LLC bought a new stake in shares of Korn Ferry in the 3rd quarter worth approximately $209,000. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Trading Up 1.3 %

NYSE:KFY opened at $64.84 on Thursday. The company has a fifty day moving average of $67.72 and a 200 day moving average of $70.92. Korn Ferry has a 52 week low of $59.78 and a 52 week high of $80.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.34 billion, a P/E ratio of 13.85 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $675.35 million. During the same period in the prior year, the business posted $0.97 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, research analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Insiders Place Their Bets

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the transaction, the chief executive officer now directly owns 68,869 shares in the company, valued at approximately $4,975,096.56. This represents a 22.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted 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 report on Tuesday, December 17th.

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.