Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Duality Advisers LP bought a new position in Korn Ferry (NYSE:KFY – Get Rating) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 26,190 shares of the business services provider’s stock, valued at approximately $1,230,000.
→ Bombshell economy exposé (From Porter & Company)document.write(‘
‘);
Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its stake in Korn Ferry by 7.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,432 shares of the business services provider’s stock worth $140,000 after buying an additional 161 shares in the last quarter. Bank of Montreal Can increased its stake in Korn Ferry by 1.5% in the 1st quarter. Bank of Montreal Can now owns 16,129 shares of the business services provider’s stock worth $1,073,000 after buying an additional 239 shares in the last quarter. Texas Permanent School Fund increased its stake in Korn Ferry by 0.7% in the 3rd quarter. Texas Permanent School Fund now owns 39,275 shares of the business services provider’s stock worth $1,844,000 after buying an additional 255 shares in the last quarter. Creative Planning increased its stake in Korn Ferry by 7.8% in the 2nd quarter. Creative Planning now owns 3,601 shares of the business services provider’s stock worth $209,000 after buying an additional 262 shares in the last quarter. Finally, Money Concepts Capital Corp grew its position in shares of Korn Ferry by 7.2% during the third quarter. Money Concepts Capital Corp now owns 3,984 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 267 shares in the last quarter. 91.61% of the stock is owned by institutional investors.
Korn Ferry Trading Up 2.0 %
KFY opened at $53.74 on Monday. The firm has a market cap of $2.83 billion, a P/E ratio of 8.85 and a beta of 1.48. Korn Ferry has a 12 month low of $46.47 and a 12 month high of $70.25. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $53.05 and a 200 day moving average of $55.66.
Korn Ferry (NYSE:KFY – Get Rating) last announced its quarterly earnings data on Thursday, December 8th. The business services provider reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The business had revenue of $727.85 million during the quarter, compared to the consensus estimate of $697.28 million. Korn Ferry had a net margin of 11.45% and a return on equity of 21.64%. As a group, research analysts forecast that Korn Ferry will post 4.75 EPS for the current year.
Korn Ferry Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Wednesday, December 21st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.12%. The ex-dividend date was Tuesday, December 20th. Korn Ferry’s payout ratio is currently 9.88%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on KFY. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, December 29th. Robert W. Baird cut their price objective on Korn Ferry from $64.00 to $61.00 in a research report on Friday, December 9th. William Blair lowered Korn Ferry from an “outperform” rating to a “market perform” rating in a research report on Friday, November 25th. Truist Financial cut their price objective on Korn Ferry from $75.00 to $65.00 in a research report on Friday, December 9th. Finally, The Goldman Sachs Group dropped their price target on Korn Ferry from $72.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, December 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.
About Korn Ferry
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Korn Ferry (KFY)
- Is Canadian Solar Too Hot to Handle?
- UiPath is the Blue-Collar AI Platform to Watch in 2023
- CVS Health is Growing into an Integrated Healthcare Organization
- NVIDIA Outlook Improving: Watchlist Candidate for 2023
- Is C3.ai Stock a ChatGPT Artificial Intelligence Play?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Korn Ferry, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Korn Ferry wasn’t on the list.
While Korn Ferry currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by entering your email address below.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2023. All rights reserved.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.