Millennium Management LLC boosted its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 50.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 310,538 shares of the business services provider's stock after buying an additional 104,447 shares during the quarter. Millennium Management LLC owned approximately 0.60% of Korn Ferry worth $20,850,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Korn Ferry by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider's stock valued at $417,868,000 after acquiring an additional 134,209 shares during the period. Dimensional Fund Advisors LP grew its holdings in Korn Ferry by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock valued at $220,296,000 after purchasing an additional 48,993 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Korn Ferry by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider's stock valued at $90,992,000 after buying an additional 5,261 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Korn Ferry by 24.6% during the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider's stock worth $73,565,000 after buying an additional 220,564 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Korn Ferry by 1,846.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider's stock worth $59,553,000 after buying an additional 841,413 shares during the period. Hedge funds and other institutional investors own 98.82% of the company's stock.
Several equities research analysts recently commented on KFY shares. Robert W. Baird boosted 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. StockNews.com raised shares of 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 issued a $78.00 price target (up from $74.00) on shares of Korn Ferry in a research note on Friday, June 14th. Finally, UBS Group boosted their price objective on Korn Ferry from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.
View Our Latest Stock Analysis on KFY
In other news, CFO Robert P. Rozek sold 20,921 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the transaction, the chief financial officer now owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the sale, the chief financial officer now owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Distefano sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value of $361,800.00. Following the completion of the transaction, the insider now owns 50,954 shares in the company, valued at $3,687,031.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,921 shares of company stock valued at $5,942,296 in the last three months. 1.50% of the stock is currently owned by insiders.
Shares of NYSE KFY opened at $72.90 on Friday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 22.59 and a beta of 1.54. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63. The firm has a 50-day simple moving average of $71.06 and a 200-day simple moving average of $67.24. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23.
Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $682.80 million during the quarter, compared to the consensus estimate of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. Korn Ferry's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, equities analysts predict that Korn Ferry will post 4.84 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, September 19th. Korn Ferry's payout ratio is currently 45.96%.
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.
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