Korn Ferry (NYSE:KFY) Stock Position Decreased by Neuberger Berman Group LLC

Neuberger Berman Group LLC cut its stake in shares of Korn Ferry (NYSE:KFY) by 4.7% during the fourth quarter, Holdings Channel reports. The firm owned 30,562 shares of the business services provider’s stock after selling 1,502 shares during the quarter. Neuberger Berman Group LLC’s holdings in Korn Ferry were worth $1,814,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KFY. Teacher Retirement System of Texas increased its stake in Korn Ferry by 12.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 6,888 shares of the business services provider’s stock worth $327,000 after purchasing an additional 775 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Korn Ferry by 3.5% in the third quarter. Victory Capital Management Inc. now owns 48,668 shares of the business services provider’s stock worth $2,309,000 after acquiring an additional 1,652 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Korn Ferry by 525.6% in the third 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. Versor Investments LP lifted its position in shares of Korn Ferry by 183.4% in the 3rd quarter. Versor Investments LP now owns 15,608 shares of the business services provider’s stock valued at $740,000 after acquiring an additional 10,100 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of Korn Ferry in the 3rd quarter valued at approximately $1,450,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. William Blair upgraded Korn Ferry from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th. UBS Group upped their target price on Korn Ferry from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Truist Financial raised their price target on shares of Korn Ferry from $64.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, March 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Korn Ferry Price Performance

KFY opened at $66.53 on Monday. The stock has a fifty day moving average price of $63.62 and a 200 day moving average price of $59.52. 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 1 year low of $44.45 and a 1 year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. The business had revenue of $676.80 million during the quarter, compared to analyst estimates of $657.91 million. During the same period in the previous year, the company earned $1.01 EPS. The firm’s revenue was down 1.5% on a year-over-year basis. Analysts forecast that Korn Ferry will post 4.17 EPS for the current fiscal year.

Korn Ferry Announces Dividend

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

Insider Activity 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 shares were sold at an average price of $65.80, for a total transaction of $658,000.00. Following the transaction, the director now directly owns 16,802 shares of the company’s stock, valued at $1,105,571.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by company insiders.

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.