GAMMA Investing LLC Raises Position in Korn Ferry (NYSE:KFY)

GAMMA Investing LLC grew its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 7,459.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,387 shares of the business services provider's stock after buying an additional 129,649 shares during the period. GAMMA Investing LLC owned 0.25% of Korn Ferry worth $8,912,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KFY. Versant Capital Management Inc lifted its holdings in Korn Ferry by 75.9% during the 1st quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after purchasing an additional 223 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Korn Ferry during the 4th quarter worth about $51,454,000. Jefferies Financial Group Inc. purchased a new stake in Korn Ferry during the 4th quarter worth about $644,000. Vise Technologies Inc. lifted its holdings in Korn Ferry by 8.2% during the 4th quarter. Vise Technologies Inc. now owns 4,947 shares of the business services provider's stock worth $334,000 after purchasing an additional 376 shares in the last quarter. Finally, Castleark Management LLC lifted its holdings in Korn Ferry by 27.8% during the 4th quarter. Castleark Management LLC now owns 75,240 shares of the business services provider's stock worth $5,075,000 after purchasing an additional 16,350 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Trading Down 1.2%

NYSE KFY traded down $0.81 on Wednesday, hitting $69.34. The company's stock had a trading volume of 334,775 shares, compared to its average volume of 379,104. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company's 50-day simple moving average is $65.34 and its 200 day simple moving average is $67.54. The firm has a market cap of $3.58 billion, a P/E ratio of 14.82 and a beta of 1.42.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million during the quarter, compared to analysts' expectations of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. Research analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KFY shares. Wall Street Zen cut Korn Ferry from a "strong-buy" rating to a "buy" rating in a report on Saturday. UBS Group lowered their price target on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Finally, Truist Financial lowered their price target on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th.

Korn Ferry 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.