GAMMA Investing LLC Purchases 129,649 Shares of Korn Ferry (NYSE:KFY)

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

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in shares of Korn Ferry in the fourth quarter valued at about $51,454,000. Norges Bank bought a new stake in shares of Korn Ferry in the 4th quarter worth approximately $42,360,000. Rockefeller Capital Management L.P. grew its holdings in shares of Korn Ferry by 113.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock worth $55,724,000 after purchasing an additional 438,644 shares in the last quarter. Tidal Investments LLC increased its position in shares of Korn Ferry by 5,931.0% during the fourth quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock valued at $23,744,000 after purchasing an additional 346,193 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Korn Ferry by 19.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock valued at $76,458,000 after purchasing an additional 184,170 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Price Performance

KFY traded down $0.19 during midday trading on Monday, hitting $69.77. The company had a trading volume of 326,436 shares, compared to its average volume of 379,488. Korn Ferry has a twelve month low of $59.23 and a twelve month high of $80.64. The company has a market capitalization of $3.60 billion, a PE ratio of 14.91 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm's 50-day simple moving average is $65.07 and its 200-day simple moving average is $67.57.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.06. The firm had revenue of $676.50 million for the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. Equities research analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.