Venturi Wealth Management LLC Invests $122,000 in Korn Ferry (NYSE:KFY)

Venturi Wealth Management LLC bought a new position in Korn Ferry (NYSE:KFY) in the 4th quarter, HoldingsChannel reports. The fund bought 1,814 shares of the business services provider’s stock, valued at approximately $122,000.

Several other hedge funds also recently made changes to their positions in KFY. Pacer Advisors Inc. acquired a new position in shares of Korn Ferry in the 3rd quarter worth approximately $103,546,000. JPMorgan Chase & Co. boosted its position in Korn Ferry by 193.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after purchasing an additional 281,024 shares during the period. Barclays PLC boosted its position in Korn Ferry by 129.0% during the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider’s stock valued at $18,053,000 after purchasing an additional 135,148 shares during the period. Jennison Associates LLC boosted its position in Korn Ferry by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock valued at $74,337,000 after purchasing an additional 115,523 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Korn Ferry during the 3rd quarter valued at approximately $6,480,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark Arian sold 20,000 shares of the business’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 sale, the chief executive officer now owns 68,869 shares of the company’s stock, valued at approximately $4,975,096.56. The trade was a 22.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Korn Ferry Trading Down 2.3 %

Shares of KFY stock opened at $64.33 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Korn Ferry has a 1 year low of $58.67 and a 1 year high of $80.64. The stock has a fifty day moving average of $68.21 and a two-hundred day moving average of $71.10. The firm has a market capitalization of $3.32 billion, a PE ratio of 13.74 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last announced its quarterly 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. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $682.00 million during the quarter, compared to analyst estimates of $675.35 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, research analysts expect that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were given a dividend of $0.37 per share. The ex-dividend date was Friday, December 20th. This represents a $1.48 dividend on an annualized basis and a yield of 2.30%. Korn Ferry’s dividend payout ratio (DPR) is presently 31.62%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial boosted their price objective on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.