Invenomic Capital Management LP Purchases 10,124 Shares of Korn Ferry (NYSE:KFY)

Invenomic Capital Management LP raised its position in shares of Korn Ferry (NYSE:KFYFree Report) by 23.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,134 shares of the business services provider’s stock after purchasing an additional 10,124 shares during the quarter. Invenomic Capital Management LP owned 0.10% of Korn Ferry worth $3,213,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Korn Ferry during the 4th quarter valued at about $29,000. GAMMA Investing LLC bought a new stake in shares of Korn Ferry during the 4th quarter valued at about $45,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Korn Ferry during the 3rd quarter valued at about $52,000. Quadrant Capital Group LLC grew its stake in shares of Korn Ferry by 90.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 503 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Korn Ferry by 13.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 301 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Stock Down 1.2 %

NYSE KFY opened at $62.53 on Tuesday. The stock’s 50 day moving average is $63.69 and its 200 day moving average is $60.69. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $69.69. The stock has a market cap of $3.29 billion, a PE ratio of 21.64 and a beta of 1.48.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird boosted their price objective on Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. William Blair upgraded Korn Ferry from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. Finally, Truist Financial boosted their price objective on Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, March 4th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.67.

Get Our Latest Analysis on Korn Ferry

Korn Ferry Profile

(Free Report)

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.

See Also

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

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