Yousif Capital Management LLC Sells 684 Shares of Korn Ferry (NYSE:KFY)

Yousif Capital Management LLC trimmed its holdings in shares of Korn Ferry (NYSE:KFY) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,852 shares of the business services provider’s stock after selling 684 shares during the quarter. Yousif Capital Management LLC’s holdings in Korn Ferry were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Korn Ferry in the third quarter worth about $238,000. CWM LLC grew its stake in shares of Korn Ferry by 153.9% during the 3rd quarter. CWM LLC now owns 2,260 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 1,370 shares during the period. Creative Planning increased its holdings in Korn Ferry by 35.1% in the 3rd quarter. Creative Planning now owns 22,903 shares of the business services provider’s stock worth $1,723,000 after acquiring an additional 5,953 shares in the last quarter. Blue Trust Inc. raised its stake in Korn Ferry by 1,083.4% during the 3rd quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider’s stock worth $167,000 after acquiring an additional 2,026 shares during the period. Finally, E. Ohman J or Asset Management AB lifted its holdings in Korn Ferry by 5.8% during the third quarter. E. Ohman J or Asset Management AB now owns 36,431 shares of the business services provider’s stock valued at $2,741,000 after purchasing an additional 2,000 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KFY. Truist Financial increased their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insider Buying and Selling at Korn Ferry

In other news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at approximately $4,975,096.56. This represents a 22.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Korn Ferry Trading Up 0.4 %

Shares of KFY opened at $66.68 on Friday. The firm has a market cap of $3.44 billion, a P/E ratio of 14.25 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Korn Ferry has a 1 year low of $57.91 and a 1 year high of $80.64. The company has a 50 day simple moving average of $68.83 and a two-hundred day simple moving average of $71.29.

Korn Ferry (NYSE:KFY) last posted its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The company had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the company posted $0.97 earnings per share. On average, equities analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Friday, December 20th. Korn Ferry’s payout ratio is presently 31.62%.

Korn Ferry Company Profile

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.