Keeley Teton Advisors LLC Purchases 3,014 Shares of Korn Ferry (NYSE:KFY)

Keeley Teton Advisors LLC increased its holdings in shares of Korn Ferry (NYSE:KFY) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,666 shares of the business services provider’s stock after acquiring an additional 3,014 shares during the period. Keeley Teton Advisors LLC owned about 0.05% of Korn Ferry worth $1,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KFY. Vanguard Group Inc. increased its position in Korn Ferry by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after acquiring an additional 134,209 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Korn Ferry by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,205,679 shares of the business services provider’s stock worth $190,257,000 after purchasing an additional 10,322 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Korn Ferry by 0.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider’s stock worth $90,992,000 after buying an additional 5,261 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Korn Ferry by 24.6% during the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock worth $73,565,000 after buying an additional 220,564 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Korn Ferry in the 1st quarter valued at $52,948,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Trading Up 1.2 %

NYSE:KFY traded up $0.86 during mid-day trading on Friday, hitting $71.53. The company had a trading volume of 211,002 shares, compared to its average volume of 339,578. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.79. The firm has a market cap of $3.71 billion, a P/E ratio of 22.21 and a beta of 1.54. The business’s fifty day moving average is $66.99 and its two-hundred day moving average is $63.47. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $72.52.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.13. The business had revenue of $690.80 million during the quarter, compared to analysts’ expectations of $687.36 million. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, research analysts expect that Korn Ferry will post 4.81 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, July 3rd. This is a boost from Korn Ferry’s previous quarterly dividend of $0.33. Korn Ferry’s payout ratio is 45.96%.

Analyst Upgrades and Downgrades

KFY has been the topic of several research reports. Truist Financial reaffirmed a “buy” rating and set a $78.00 price target (up previously from $74.00) on shares of Korn Ferry in a research note on Friday, June 14th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. UBS Group lifted their price target on shares of Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. Finally, Robert W. Baird increased their price objective on shares of Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, June 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Korn Ferry has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Insider Activity at Korn Ferry

In other news, CEO Mark Arian sold 5,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $66.01, for a total transaction of $330,050.00. Following the completion of the sale, the chief executive officer now owns 91,484 shares of the company’s stock, valued at $6,038,858.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

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.