Heritage Family Offices LLP Buys 259 Shares of Korn Ferry (NYSE:KFY)

Heritage Family Offices LLP grew its stake in Korn Ferry (NYSE:KFY) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,860 shares of the business services provider’s stock after purchasing an additional 259 shares during the quarter. Heritage Family Offices LLP’s holdings in Korn Ferry were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KFY. Pacer Advisors Inc. acquired a new position in Korn Ferry in the 3rd quarter valued at about $103,546,000. Thrivent Financial for Lutherans increased its stake in shares of Korn Ferry by 1,846.0% during the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after purchasing an additional 841,413 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock worth $32,050,000 after purchasing an additional 281,024 shares during the period. Blair William & Co. IL lifted its holdings in Korn Ferry by 377.6% during the 2nd quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock worth $16,102,000 after purchasing an additional 189,607 shares during the last quarter. Finally, Barclays PLC boosted its stake in Korn Ferry by 129.0% in the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider’s stock valued at $18,053,000 after purchasing an additional 135,148 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Stock Performance

NYSE:KFY opened at $69.52 on Thursday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 14.85 and a beta of 1.57. Korn Ferry has a fifty-two week low of $55.07 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a fifty day moving average price of $72.08 and a 200-day moving average price of $71.14.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The business 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 revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. As a group, equities analysts anticipate that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were given a dividend of $0.37 per share. The ex-dividend date was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.13%. Korn Ferry’s dividend payout ratio is currently 31.62%.

Analyst Upgrades and Downgrades

KFY has been the topic of several recent research reports. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Truist Financial lifted 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Insiders Place Their Bets

In related news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at $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 is available through this link. Corporate insiders own 1.40% 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.