Steward Partners Investment Advisory LLC Buys 442 Shares of Korn Ferry (NYSE:KFY)

Steward Partners Investment Advisory LLC boosted its holdings in shares of Korn Ferry (NYSE:KFY – Get Rating) by 221.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642 shares of the business services provider’s stock after buying an additional 442 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Korn Ferry were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. increased its position in Korn Ferry by 509.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 90,200 shares of the business services provider’s stock valued at $5,858,000 after buying an additional 75,400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Korn Ferry during the 1st quarter valued at about $260,000. Bailard Inc. increased its position in Korn Ferry by 51.3% during the 1st quarter. Bailard Inc. now owns 5,900 shares of the business services provider’s stock valued at $383,000 after buying an additional 2,000 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Korn Ferry by 230.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 227,185 shares of the business services provider’s stock valued at $14,753,000 after buying an additional 158,538 shares in the last quarter. Finally, Truist Financial Corp increased its position in Korn Ferry by 6.3% during the 1st quarter. Truist Financial Corp now owns 10,030 shares of the business services provider’s stock valued at $651,000 after buying an additional 596 shares in the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Stock Down 0.7 %

Korn Ferry stock opened at $64.75 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50-day simple moving average is $59.68 and its two-hundred day simple moving average is $62.79. The company has a market cap of $3.43 billion, a PE ratio of 10.81 and a beta of 1.40. Korn Ferry has a fifty-two week low of $51.08 and a fifty-two week high of $84.68.

Korn Ferry (NYSE:KFY – Get Rating) last issued its earnings results on Wednesday, June 22nd. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. Korn Ferry had a return on equity of 22.71% and a net margin of 12.35%. The firm had revenue of $721.14 million for the quarter, compared to the consensus estimate of $681.98 million. Equities analysts anticipate that Korn Ferry will post 5.99 EPS for the current year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Wednesday, July 6th were paid a $0.15 dividend. This is an increase from Korn Ferry’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, July 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. Korn Ferry’s dividend payout ratio is presently 10.02%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird reduced their target price on Korn Ferry from $90.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, June 23rd. StockNews.com upgraded Korn Ferry from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th. The Goldman Sachs Group dropped their price target on Korn Ferry from $83.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. Finally, Truist Financial dropped their price target on Korn Ferry from $98.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, June 17th.

Korn Ferry Company Profile

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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.

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