Wedge Capital Management L L P NC Purchases 4,388 Shares of Korn Ferry (NYSE:KFY)

Wedge Capital Management L L P NC increased its position in shares of Korn Ferry (NYSE:KFY) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,613 shares of the business services provider’s stock after buying an additional 4,388 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Korn Ferry were worth $5,235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in Korn Ferry by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock worth $1,144,000 after purchasing an additional 231 shares during the last quarter. Heritage Family Offices LLP grew its position in Korn Ferry by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 259 shares in the last quarter. Simplicity Wealth LLC increased its stake in Korn Ferry by 4.8% in the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after buying an additional 283 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Korn Ferry by 6.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider’s stock worth $370,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Trading Up 1.3 %

Shares of NYSE:KFY opened at $70.69 on Friday. The company has a 50-day simple moving average of $71.77 and a 200 day simple moving average of $71.19. The company has a market capitalization of $3.65 billion, a P/E ratio of 15.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Korn Ferry has a 52-week low of $55.26 and a 52-week high of $80.64.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.09%. Korn Ferry’s dividend payout ratio is currently 31.62%.

Insiders Place Their Bets

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the 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 transaction, the chief executive officer now owns 68,869 shares in the company, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial raised their price objective on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.00.

About Korn Ferry

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.