Headlands Technologies LLC Buys 3,966 Korn Ferry (NYSE:KFY) Shares

VaselineSeptember 14, 2024

0 4 minutes read

Headlands Technologies LLC bought a new stake in Korn Ferry (NYSE:KFY – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,966 shares of the business services provider’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp purchased a new position in Korn Ferry in the fourth quarter valued at $238,000. Charles Schwab Investment Management Inc. boosted its position in shares of Korn Ferry by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,462 shares of the business services provider’s stock worth $42,700,000 after buying an additional 35,985 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Korn Ferry by 107.1% during the fourth quarter. Teacher Retirement System of Texas now owns 14,263 shares of the business services provider’s stock worth $847,000 after buying an additional 7,375 shares during the period. Jump Financial LLC purchased a new position in shares of Korn Ferry in the 4th quarter valued at about $220,000. Finally, QRG Capital Management Inc. boosted its stake in Korn Ferry by 4.7% in the fourth quarter. QRG Capital Management Inc. now owns 12,792 shares of the business services provider’s stock valued at $759,000 after buying an additional 580 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s shares.

Korn Ferry stock up 3.8%

Shares of Korn Ferry stock opened at $71.91 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83, and a current ratio of 2.15. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 22.33 and a beta of 1.54. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $75.30. The stock’s fifty day moving average is $69.75, and the two hundred day moving average is $66.31.

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Korn Ferry (NYSE:KFY – Get Your Free Report ) last posted its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. Korn Ferry’s revenue was down 3.3% compared to the same quarter last year. In the same quarter last year, the company earned $0.99 per share. analysts predict that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be given a dividend of $0.37 per share. This represents a dividend of $1.48 on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, September 19. Korn Ferry’s payout ratio is currently 45.96%.

Insider work at Korn Ferry

In related news, CEO Mark Arians sold 5,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $66.01, for a total transaction of $330,050.00. Following the sale, the chief executive officer now owns 91,484 shares of the company’s stock, valued at $6,038,858.84. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Corporate insiders own 1.50% of the company’s shares.

Analyst upgrades and downgrades

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

Read our latest analysis of Korn Ferry

Korn Ferry Company Profile

(Free Report)

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) and Professional Search. The company provides executive search services for the recruitment of board, chief executive, other executive and general management talent for organizations.