Jacobs Levy Equity Management Inc. Has $2.81 Million Holdings in Korn Ferry (NYSE:KFY)

Jacobs Levy Equity Management Inc. lifted its position in shares of Korn Ferry (NYSE:KFY) by 15.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,771 shares of the business services provider’s stock after acquiring an additional 5,683 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.08% of Korn Ferry worth $2,813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Point Inc. bought a new position in Korn Ferry during the 4th quarter worth $599,000. Stratos Wealth Advisors LLC raised its holdings in Korn Ferry by 5.5% during the 4th quarter. Stratos Wealth Advisors LLC now owns 20,636 shares of the business services provider’s stock worth $1,225,000 after purchasing an additional 1,078 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Korn Ferry by 13.4% in 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 period. Louisiana State Employees Retirement System bought a new stake in shares of Korn Ferry in the 4th quarter valued at $1,567,000. Finally, Verdence Capital Advisors LLC bought a new position in Korn Ferry during the fourth quarter worth $274,000. Institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Truist Financial reaffirmed a “buy” rating and set a $78.00 price objective (up previously from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. Robert W. Baird increased their target price on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. Finally, UBS Group upped their price objective on shares of Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.00.

Korn Ferry Stock Up 0.5 %

Korn Ferry stock opened at $73.62 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $67.42 and its two-hundred day moving average price is $63.82. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 22.86 and a beta of 1.54. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $75.30.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.13 by $0.13. Korn Ferry had a return on equity of 13.18% and a net margin of 6.05%. The firm had revenue of $690.80 million during the quarter, compared to the consensus estimate of $687.36 million. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that Korn Ferry will post 4.81 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 3rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This is a boost from Korn Ferry’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a yield of 2.01%. Korn Ferry’s payout ratio is 45.96%.

Insiders Place Their Bets

In related news, CEO Mark Arian sold 5,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was 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 directly owns 91,484 shares of the company’s stock, valued at $6,038,858.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently 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.