Korn Ferry (NYSE:KFY) Shares Sold by Rhumbline Advisers

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased 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. Wealthfront Advisers LLC bought a new position in Korn Ferry in the 4th quarter worth approximately $76,000. Smartleaf Asset Management LLC grew its position in shares of Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after purchasing an additional 963 shares in the last quarter. Sterling Capital Management LLC grew its stake in Korn Ferry by 828.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after acquiring an additional 1,491 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Korn Ferry in the 4th quarter worth about $122,000. Institutional investors own 98.82% of the company's stock.

Analyst Upgrades and Downgrades

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

Korn Ferry Trading Down 1.2%

Shares of KFY traded down $0.81 during midday trading on Wednesday, hitting $69.34. The stock had a trading volume of 334,775 shares, compared to its average volume of 379,104. 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 cap of $3.58 billion, a PE ratio of 14.82 and a beta of 1.42. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64. The stock's 50 day moving average is $65.20 and its 200 day moving average is $67.53.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. The business had revenue of $676.50 million for 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 business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. As a group, analysts forecast that Korn Ferry will post 4.75 EPS for the current fiscal 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.