Korn Ferry (NYSE:KFY) Holdings Cut by Rhumbline Advisers

Rhumbline Advisers lessened its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,113 shares of the business services provider's stock after selling 7,930 shares during the quarter. Rhumbline Advisers owned 0.29% of Korn Ferry worth $10,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Arizona State Retirement System boosted its position in Korn Ferry by 1.2% in the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock valued at $1,018,000 after buying an additional 176 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 valued at $35,000 after acquiring an additional 223 shares during the period. Summit Investment Advisors Inc. lifted its stake in Korn Ferry by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock valued at $366,000 after acquiring an additional 225 shares during the period. Savant Capital LLC boosted its holdings in shares of Korn Ferry by 7.4% in the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock valued at $245,000 after acquiring an additional 249 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Korn Ferry by 1.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider's stock worth $1,874,000 after acquiring an additional 343 shares during the period. 98.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group decreased their target price on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Truist Financial cut their price objective on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen downgraded Korn Ferry from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th.

Korn Ferry Stock Down 3.4%

Shares of NYSE KFY traded down $2.36 during midday trading on Friday, hitting $66.46. The company's stock had a trading volume of 396,801 shares, compared to its average volume of 377,198. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 14.20 and a beta of 1.42. The business's fifty day simple moving average is $65.50 and its two-hundred day simple moving average is $67.47. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64.

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

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.