Amalgamated Bank Has $1.03 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Amalgamated Bank reduced its stake in shares of Korn Ferry (NYSE:KFY) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 15,238 shares of the business services provider’s stock after selling 240 shares during the period. Amalgamated Bank’s holdings in Korn Ferry were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KFY. JPMorgan Chase & Co. lifted its stake in Korn Ferry by 193.9% in the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after acquiring an additional 281,024 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Korn Ferry by 7.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider’s stock valued at $71,431,000 after purchasing an additional 62,385 shares during the last quarter. Vestcor Inc boosted its holdings in Korn Ferry by 323.7% in the third quarter. Vestcor Inc now owns 18,487 shares of the business services provider’s stock worth $1,391,000 after purchasing an additional 14,124 shares in the last quarter. Seizert Capital Partners LLC increased its position in Korn Ferry by 21.9% during the third quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider’s stock worth $5,455,000 after buying an additional 13,017 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Korn Ferry during the 3rd quarter worth about $103,546,000. 98.82% of the stock is owned by institutional investors and hedge funds.

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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial raised their price target on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th.

Korn Ferry Stock Down 3.1 %

KFY opened at $63.60 on Tuesday. Korn Ferry has a fifty-two week low of $59.78 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm’s fifty day moving average price is $67.85 and its two-hundred day moving average price is $71.00. The company has a market capitalization of $3.28 billion, a P/E ratio of 13.59 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last announced its earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $675.35 million. During the same quarter in the prior year, the business earned $0.97 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were given a dividend of $0.37 per share. The ex-dividend date was Friday, December 20th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.33%. Korn Ferry’s payout ratio is currently 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.