Cypress Capital LLC Increases Stock Position in Korn Ferry (NYSE:KFY)

Cypress Capital LLC lifted its holdings in Korn Ferry (NYSE:KFYGet Rating) by 12.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 20,753 shares of the business services provider’s stock after acquiring an additional 2,323 shares during the quarter. Cypress Capital LLC’s holdings in Korn Ferry were worth $1,348,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KFY. Schroder Investment Management Group purchased a new stake in Korn Ferry during the fourth quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC lifted its position in Korn Ferry by 221.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 642 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 442 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Korn Ferry by 444.1% during the fourth quarter. First Horizon Advisors Inc. now owns 642 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 524 shares during the last quarter. UMB Bank N A MO purchased a new stake in Korn Ferry during the fourth quarter valued at approximately $53,000. Finally, Van ECK Associates Corp purchased a new stake in Korn Ferry during the fourth quarter valued at approximately $89,000. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Wall Street Analysts Forecast Growth

KFY has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Korn Ferry from $90.00 to $72.00 and set an “outperform” rating for the company in a research report on Thursday, June 23rd. Truist Financial cut their price target on shares of Korn Ferry from $98.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, June 17th. StockNews.com upgraded shares of Korn Ferry from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th. Finally, The Goldman Sachs Group cut their price target on shares of Korn Ferry from $83.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th.

Korn Ferry Trading Down 0.1 %

Shares of Korn Ferry stock opened at $64.67 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Korn Ferry has a 12-month low of $51.08 and a 12-month high of $84.68. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 10.80 and a beta of 1.40. The firm’s 50 day simple moving average is $59.75 and its two-hundred day simple moving average is $62.74.

Korn Ferry (NYSE:KFYGet Rating) last released its quarterly earnings data on Wednesday, June 22nd. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The firm had revenue of $721.14 million for the quarter, compared to analyst estimates of $681.98 million. Korn Ferry had a net margin of 12.35% and a return on equity of 22.71%. Analysts predict that Korn Ferry will post 5.99 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Wednesday, July 6th were paid a $0.15 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.12. Korn Ferry’s dividend payout ratio is presently 10.02%.

Korn Ferry Company Profile

(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.

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Institutional Ownership by Quarter for Korn Ferry (NYSE:KFY)

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