Candriam SCA makes new investment in Korn Ferry (NYSE:KFY)

Candriam SCA acquired a new stake in Korn Ferry (NYSE:KFY – Free Report) during the second quarter, Holdings Channel reports. The firm acquired 23,176 shares of the business services provider’s stock, valued at approximately $1,556,000.

A number of other hedge funds have also modified their holdings of KFY. Arizona State Retirement System boosted its holdings in Korn Ferry by 1.2% in the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after purchasing an additional 168 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Korn Ferry by 72.2% during the second quarter. TD Asset Management Inc now owns 18,600 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 7,800 shares in the last quarter. Mesirow Institutional Investment Management Inc. grew its position in Korn Ferry by 37.5% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 174,970 shares of the business services provider’s stock worth $11,747,000 after buying an additional 47,729 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in Korn Ferry in the second quarter valued at about $1,135,000. Finally, Versor Investments LP boosted its holdings in Korn Ferry by 20.8% in the second quarter. Versor Investments LP now owns 17,297 shares of the business services provider’s stock valued at $1,161,000 after purchasing an additional 2,979 shares in the last quarter. 98.82% of shares are held by hedge funds and other institutional investors.

Analysts set new price targets

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

Get the latest analysis on KFY

Korn Ferry trading up 1.7%

Shares of KFY stock opened at $70.15 on Wednesday. Korn Ferry has a 12-month low of $44.45 and a 12-month high of $75.30. The firm has a market cap of $3.63 billion, a P/E ratio of 21.79 and a beta of 1.54. The company has a current ratio of 2.15, a quick ratio of 1.83, and a debt-to-equity ratio of 0.23. The stock’s fifty-day simple moving average is $69.55, and its 200-day simple moving average is $66.18.

Korn Ferry (NYSE:KFY – Get Your Free Report ) last issued its quarterly earnings data 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 business 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%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted EPS of $0.99. On average, equities research analysts forecast that Korn Ferry will post 4.83 earnings per share for the current year.

Korn Ferry announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th will be given a $0.37 dividend. This represents an annualized dividend of $1.48 and a dividend yield of 2.11%. The ex-dividend date is Thursday, September 19. Korn Ferry’s payout ratio is currently 45.96%.

Indoor activity

In related news, CEO Mark Arian sold 5,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 91,484 shares of the company’s stock, valued at approximately $6,038,858.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Insiders own 1.50% of the company’s shares.

Korn Ferry 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.

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