Verition Fund Management LLC Purchases 742 Shares of Korn Ferry (NYSE:KFY)

Verition Fund Management LLC boosted its position in shares of Korn Ferry (NYSE:KFYGet Rating) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,399 shares of the business services provider’s stock after purchasing an additional 742 shares during the quarter. Verition Fund Management LLC’s holdings in Korn Ferry were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in shares of Korn Ferry in the 1st quarter valued at about $521,000. Advisor Group Holdings Inc. increased its stake in shares of Korn Ferry by 22.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 19,440 shares of the business services provider’s stock valued at $1,331,000 after acquiring an additional 3,518 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Korn Ferry in the 4th quarter valued at about $173,000. 1492 Capital Management LLC increased its stake in shares of Korn Ferry by 4.1% in the 1st quarter. 1492 Capital Management LLC now owns 43,480 shares of the business services provider’s stock valued at $2,824,000 after acquiring an additional 1,732 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Korn Ferry by 4.9% in the 1st quarter. Teacher Retirement System of Texas now owns 11,228 shares of the business services provider’s stock valued at $729,000 after acquiring an additional 520 shares during the last quarter. 94.70% of the stock is owned by institutional investors.

Korn Ferry Price Performance

Shares of KFY opened at $49.15 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a 50 day simple moving average of $60.68 and a 200 day simple moving average of $61.08. Korn Ferry has a 52-week low of $48.28 and a 52-week high of $84.68. The firm has a market capitalization of $2.62 billion, a PE ratio of 8.10 and a beta of 1.41.

Korn Ferry (NYSE:KFYGet Rating) last issued its quarterly earnings data on Wednesday, September 7th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.01). Korn Ferry had a net margin of 11.92% and a return on equity of 22.49%. The business had revenue of $695.90 million during the quarter, compared to analyst estimates of $697.04 million. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Korn Ferry’s revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts predict that Korn Ferry will post 5.49 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, September 22nd. Korn Ferry’s dividend payout ratio (DPR) is currently 9.88%.

Analysts Set New Price Targets

A number of analysts have recently commented on KFY shares. Truist Financial lowered their price target on Korn Ferry from $98.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, June 17th. StockNews.com cut Korn Ferry from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. The Goldman Sachs Group decreased their price objective on Korn Ferry from $83.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, June 7th. Finally, Robert W. Baird decreased their price objective on Korn Ferry from $72.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th.

About Korn Ferry

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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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Institutional Ownership by Quarter for Korn Ferry (NYSE:KFY)

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