QRG Capital Management Inc. Has $912,000 Stock Holdings in Korn Ferry (NYSE:KFY)

QRG Capital Management Inc. decreased its stake in Korn Ferry (NYSE:KFY) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 13,528 shares of the business services provider’s stock after selling 319 shares during the period. QRG Capital Management Inc.’s holdings in Korn Ferry were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of KFY. Venturi Wealth Management LLC bought a new stake in Korn Ferry in the 4th quarter valued at $122,000. KBC Group NV raised its position in shares of Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after buying an additional 1,033 shares during the last quarter. Highland Capital Management LLC bought a new stake in shares of Korn Ferry in the fourth quarter valued at about $201,000. Glenmede Trust Co. NA acquired a new stake in Korn Ferry during the third quarter worth about $203,000. Finally, MML Investors Services LLC acquired a new stake in Korn Ferry during the third quarter worth about $209,000. Institutional investors own 98.82% of the company’s stock.

Insider Transactions at Korn Ferry

In other news, CEO Mark Arian sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at approximately $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

Korn Ferry Stock Performance

NYSE:KFY opened at $63.60 on Tuesday. The firm has a market capitalization of $3.28 billion, a PE ratio of 13.59 and a beta of 1.57. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 12-month low of $59.78 and a 12-month high of $80.64. The firm has a 50-day moving average price of $67.85 and a 200 day moving average price of $71.00.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. The business had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. Research analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were paid a $0.37 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.33%. Korn Ferry’s dividend payout ratio is presently 31.62%.

Analysts Set New Price Targets

Several research firms have commented on KFY. Truist Financial upped their price target on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th.

Korn Ferry Company Profile

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.