2,978 Shares in Korn Ferry (NYSE:KFY) Bought by Highland Capital Management LLC

Highland Capital Management LLC bought a new position in shares of Korn Ferry (NYSE:KFY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,978 shares of the business services provider’s stock, valued at approximately $201,000.

Several other large investors also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV boosted its position in shares of Korn Ferry by 1.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock worth $1,144,000 after buying an additional 231 shares in the last quarter. Heritage Family Offices LLP lifted its holdings in shares of Korn Ferry by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 259 shares in the last quarter. Simplicity Wealth LLC grew its position in shares of Korn Ferry by 4.8% in the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 283 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Korn Ferry by 6.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider’s stock worth $370,000 after purchasing an additional 294 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Korn Ferry by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,343 shares of the business services provider’s stock worth $402,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Trading Down 1.1 %

Shares of Korn Ferry stock opened at $70.79 on Friday. The firm has a market cap of $3.65 billion, a PE ratio of 15.13 and a beta of 1.57. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a fifty-two week low of $57.80 and a fifty-two week high of $80.64. The business’s fifty day moving average is $70.57 and its two-hundred day moving average is $71.47.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The firm had revenue of $682.00 million for the quarter, compared to the consensus estimate of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. Analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current 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. This represents a $1.48 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, December 20th. Korn Ferry’s dividend payout ratio (DPR) is 31.62%.

Insider Buying and Selling

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 stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial boosted 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. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.00.

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.