Wedge Capital Management L L P NC Sells 9,216 Shares of Korn Ferry (NYSE:KFY)

Wedge Capital Management L L P NC decreased its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,397 shares of the business services provider's stock after selling 9,216 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.13% of Korn Ferry worth $4,639,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KFY. Invesco Ltd. lifted its stake in Korn Ferry by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock valued at $124,161,000 after buying an additional 97,811 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after buying an additional 184,170 shares in the last quarter. Victory Capital Management Inc. increased its position in Korn Ferry by 11.5% in the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider's stock valued at $59,948,000 after acquiring an additional 91,461 shares during the period. Royce & Associates LP increased its holdings in shares of Korn Ferry by 3.8% during the fourth quarter. Royce & Associates LP now owns 846,195 shares of the business services provider's stock valued at $57,076,000 after purchasing an additional 30,959 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in Korn Ferry by 113.2% in the fourth 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 during the period. Institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Down 0.9%

KFY traded down $0.63 on Thursday, reaching $68.69. 322,988 shares of the company traded hands, compared to its average volume of 378,881. The stock's 50 day moving average price is $65.34 and its 200-day moving average price is $67.54. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 14.68 and a beta of 1.42. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings data 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. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the prior year, the firm posted $1.07 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on KFY shares. UBS Group dropped their price target 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. Wall Street Zen lowered Korn Ferry from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Finally, Truist Financial lowered their target price on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th.

About Korn Ferry

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.