18,487 Shares in Korn Ferry (NYSE:KFY) Purchased by Jennison Associates LLC

Jennison Associates LLC bought a new position in shares of Korn Ferry (NYSE:KFY) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 18,487 shares of the business services provider’s stock, valued at approximately $1,338,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC raised its stake in Korn Ferry by 90.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 527 shares of the business services provider’s stock valued at $38,000 after buying an additional 251 shares during the period. Federated Hermes Inc. bought a new stake in Korn Ferry in the second quarter valued at approximately $74,000. Heritage Wealth Management LLC grew its position in shares of Korn Ferry by 59.5% in the second quarter. Heritage Wealth Management LLC now owns 1,525 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 569 shares during the last quarter. Intersect Capital LLC acquired a new position in shares of Korn Ferry in the third quarter valued at approximately $148,000. Finally, Liberty Wealth Management LLC grew its position in shares of Korn Ferry by 7,165.4% in the second quarter. Liberty Wealth Management LLC now owns 13,223 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 13,041 shares during the last quarter. Institutional investors and hedge funds own 92.97% of the company’s stock.

Several research firms have recently commented on KFY. Robert W. Baird upped their target price on Korn Ferry from $98.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, December 9th. Zacks Investment Research raised Korn Ferry from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, November 19th.

NYSE KFY opened at $73.40 on Friday. The business has a fifty day moving average price of $76.65 and a two-hundred day moving average price of $73.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 2.22. Korn Ferry has a fifty-two week low of $45.60 and a fifty-two week high of $84.68. The stock has a market capitalization of $3.99 billion, a PE ratio of 14.98 and a beta of 1.50.

Korn Ferry (NYSE:KFY) last released its earnings results on Wednesday, December 8th. The business services provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. Korn Ferry had a return on equity of 19.88% and a net margin of 11.83%. The firm had revenue of $639.40 million during the quarter, compared to analysts’ expectations of $604.67 million. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 46.9% on a year-over-year basis. As a group, sell-side analysts expect that Korn Ferry will post 5.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Tuesday, December 21st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Monday, December 20th. Korn Ferry’s payout ratio is 9.80%.

In other news, CEO Gary D. Burnison sold 9,779 shares of the stock in a transaction on Wednesday, January 5th. The stock was sold at an average price of $77.72, for a total value of $760,023.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Korn Ferry Company Profile

Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.

Read More: Options Trading – Understanding Strike Price

Want to see what other hedge funds are holding KFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Korn Ferry (NYSE:KFY).

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

Receive News & Ratings for Korn Ferry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn Ferry and related companies with MarketBeat.com's FREE daily email newsletter.