Quantamental Technologies LLC bought a new stake in Korn Ferry (NYSE:KFY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,522 shares of the business services provider’s stock, valued at approximately $297,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of KFY. State of Alaska Department of Revenue lifted its stake in shares of Korn Ferry by 1.8% in the 4th quarter. State of Alaska Department of Revenue now owns 18,952 shares of the business services provider’s stock worth $749,000 after acquiring an additional 328 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Korn Ferry by 11.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,649 shares of the business services provider’s stock worth $144,000 after acquiring an additional 384 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Korn Ferry by 90.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the business services provider’s stock worth $42,000 after acquiring an additional 500 shares during the period. Curbstone Financial Management Corp lifted its stake in shares of Korn Ferry by 2.5% in the 4th quarter. Curbstone Financial Management Corp now owns 28,750 shares of the business services provider’s stock worth $1,780,000 after acquiring an additional 700 shares during the period. Finally, United Services Automobile Association lifted its stake in shares of Korn Ferry by 11.6% in the 2nd quarter. United Services Automobile Association now owns 12,228 shares of the business services provider’s stock worth $757,000 after acquiring an additional 1,268 shares during the period. 92.01% of the stock is currently owned by hedge funds and other institutional investors.
KFY has been the subject of several recent analyst reports. TheStreet upgraded shares of Korn Ferry from a “c” rating to a “b” rating in a research note on Friday, December 7th. SunTrust Banks reduced their price objective on shares of Korn Ferry to $63.00 and set a “buy” rating for the company in a research note on Friday, December 7th. Zacks Investment Research upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Saturday, December 8th. ValuEngine upgraded shares of Korn Ferry from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Credit Suisse Group dropped their target price on shares of Korn Ferry from $44.00 to $40.00 and set an “underperform” rating for the company in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.25.
Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, December 6th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $495.20 million during the quarter, compared to the consensus estimate of $485.94 million. Korn Ferry had a net margin of 3.92% and a return on equity of 15.01%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, research analysts predict that Korn Ferry will post 3.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Thursday, December 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. Korn Ferry’s dividend payout ratio (DPR) is presently 14.71%.
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Korn Ferry Profile
Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.
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