Korn Ferry (NYSE:KFY) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its holdings in Korn Ferry (NYSE:KFY) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 353,657 shares of the business services provider’s stock after selling 387 shares during the period. Korn Ferry accounts for about 1.8% of Tributary Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Tributary Capital Management LLC’s holdings in Korn Ferry were worth $23,854,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KFY. Envestnet Asset Management Inc. grew its stake in Korn Ferry by 14.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 156,788 shares of the business services provider’s stock valued at $10,527,000 after acquiring an additional 19,464 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Korn Ferry by 7.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,680 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 705 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Korn Ferry by 141.3% in the 2nd quarter. Hsbc Holdings PLC now owns 26,598 shares of the business services provider’s stock valued at $1,789,000 after purchasing an additional 15,575 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Korn Ferry in the 2nd quarter valued at about $148,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Korn Ferry by 112.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Trading Up 0.8 %

Shares of KFY stock opened at $70.72 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 15.11 and a beta of 1.57. Korn Ferry has a 1-year low of $57.73 and a 1-year high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm’s 50-day simple moving average is $71.08 and its 200-day simple moving average is $71.29.

Korn Ferry (NYSE:KFY) last announced 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 for the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. As a group, equities analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, December 20th. Korn Ferry’s dividend payout ratio (DPR) is presently 31.62%.

Insider Buying and Selling

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the sale, the chief executive officer now owns 68,869 shares of the company’s stock, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KFY shares. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial upped their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

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.