Korn Ferry (NYSE:KFY) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its position in shares of Korn Ferry (NYSE:KFY) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,664 shares of the business services provider’s stock after selling 17,232 shares during the period. Leeward Investments LLC MA owned about 0.45% of Korn Ferry worth $15,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Korn Ferry during the 3rd quarter worth approximately $103,546,000. JPMorgan Chase & Co. raised its position in Korn Ferry by 193.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after purchasing an additional 281,024 shares during the last quarter. Barclays PLC raised its position in Korn Ferry by 129.0% in the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider’s stock valued at $18,053,000 after purchasing an additional 135,148 shares during the last quarter. Jennison Associates LLC raised its position in Korn Ferry by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock valued at $74,337,000 after purchasing an additional 115,523 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Korn Ferry by 14.2% in the 4th quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider’s stock valued at $50,818,000 after purchasing an additional 93,591 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note 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 issued a buy rating to the stock. According to data from MarketBeat.com, Korn Ferry presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Korn Ferry Stock Performance

NYSE:KFY opened at $64.33 on Friday. 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 $58.67 and a fifty-two week high of $80.64. The stock has a market cap of $3.32 billion, a PE ratio of 13.74 and a beta of 1.57. The firm’s fifty day simple moving average is $68.21 and its 200-day simple moving average is $71.10.

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

Korn Ferry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were paid a $0.37 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.48 dividend on an annualized basis and a yield of 2.30%. Korn Ferry’s payout ratio is 31.62%.

Insider Activity at Korn Ferry

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 value 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 Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.

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.