Quadrant Capital Group LLC Has $63,000 Holdings in Korn Ferry (NYSE:KFY)

Quadrant Capital Group LLC raised its stake in shares of Korn Ferry (NYSE:KFY) by 90.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,060 shares of the business services provider’s stock after purchasing an additional 503 shares during the period. Quadrant Capital Group LLC’s holdings in Korn Ferry were worth $63,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KFY. GAMMA Investing LLC bought a new position in Korn Ferry in the 4th quarter worth $45,000. DekaBank Deutsche Girozentrale bought a new position in shares of Korn Ferry in the third quarter worth about $52,000. Nisa Investment Advisors LLC lifted its position 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 worth $151,000 after purchasing an additional 301 shares during the last quarter. Jump Financial LLC bought a new stake in Korn Ferry during the 4th quarter valued at approximately $220,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Korn Ferry in the 4th quarter valued at approximately $229,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KFY shares. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. William Blair raised shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a report on Thursday, February 29th. Robert W. Baird boosted their price objective on shares of Korn Ferry from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. UBS Group increased their target price on shares of Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Truist Financial boosted their price target 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Korn Ferry has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Korn Ferry Trading Up 1.2 %

Shares of KFY stock opened at $66.53 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a fifty day moving average of $63.62 and a 200-day moving average of $59.52. Korn Ferry has a 52-week low of $44.45 and a 52-week high of $69.69. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 23.02 and a beta of 1.47.

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

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, March 26th. Korn Ferry’s dividend payout ratio (DPR) is 45.67%.

Insider Buying and Selling at Korn Ferry

In related news, Director Jerry Leamon sold 10,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.80, for a total transaction of $658,000.00. Following the completion of the sale, the director now owns 16,802 shares in the company, valued at approximately $1,105,571.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Korn Ferry 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.