Verdence Capital Advisors LLC Makes New $274,000 Investment in Korn Ferry (NYSE:KFY)

Verdence Capital Advisors LLC acquired a new position in Korn Ferry (NYSE:KFY) in the 4th quarter, HoldingsChannel reports. The firm acquired 4,620 shares of the business services provider’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also bought and sold shares of KFY. Pacer Advisors Inc. lifted its holdings in Korn Ferry by 53.9% in the 4th quarter. Pacer Advisors Inc. now owns 959,441 shares of the business services provider’s stock worth $56,943,000 after buying an additional 336,040 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Korn Ferry by 525.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 224,741 shares of the business services provider’s stock worth $10,662,000 after acquiring an additional 188,817 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Korn Ferry by 88.1% in the 3rd quarter. William Blair Investment Management LLC now owns 323,211 shares of the business services provider’s stock worth $15,333,000 after acquiring an additional 151,379 shares in the last quarter. Invesco Ltd. raised its position in shares of Korn Ferry by 10.1% in the 3rd quarter. Invesco Ltd. now owns 1,521,044 shares of the business services provider’s stock worth $72,158,000 after acquiring an additional 140,142 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Korn Ferry by 3.2% in the 3rd quarter. American Century Companies Inc. now owns 2,739,697 shares of the business services provider’s stock worth $129,971,000 after acquiring an additional 85,781 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn Ferry Stock Up 0.4 %

KFY stock opened at $63.22 on Wednesday. Korn Ferry has a twelve month low of $44.45 and a twelve month high of $69.69. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.32 billion, a PE ratio of 21.88 and a beta of 1.47. The business has a 50 day moving average of $62.82 and a 200 day moving average of $56.84.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. The company had revenue of $676.80 million during the quarter, compared to analyst estimates of $657.91 million. During the same quarter last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, research analysts forecast that Korn Ferry will post 4.17 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.32 annualized dividend and a yield of 2.09%. Korn Ferry’s dividend payout ratio is 45.67%.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, Director Jerry Leamon sold 10,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.80, for a total transaction of $658,000.00. Following the sale, the director now directly owns 16,802 shares in the company, valued at approximately $1,105,571.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

KFY has been the subject of several research reports. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Robert W. Baird increased their target price on Korn Ferry from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. William Blair raised Korn Ferry from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th. UBS Group increased their target price on Korn Ferry from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Truist Financial raised their price objective on Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Korn Ferry currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

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.