Mackenzie Financial Corp Reduces Position in Korn Ferry (NYSE:KFY)

Mackenzie Financial Corp cut its position in Korn Ferry (NYSE:KFY - Free Report) by 70.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,857 shares of the business services provider's stock after selling 14,022 shares during the quarter. Mackenzie Financial Corp's holdings in Korn Ferry were worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KFY. SG Americas Securities LLC acquired a new stake in shares of Korn Ferry in the third quarter valued at about $1,458,000. Oak Thistle LLC acquired a new stake in Korn Ferry during the third quarter worth approximately $246,000. Value Holdings Management CO. LLC grew its stake in Korn Ferry by 1.7% during the third quarter. Value Holdings Management CO. LLC now owns 61,000 shares of the business services provider's stock worth $2,894,000 after purchasing an additional 1,000 shares during the period. Stratos Wealth Advisors LLC grew its stake in Korn Ferry by 3.9% during the third quarter. Stratos Wealth Advisors LLC now owns 19,558 shares of the business services provider's stock worth $928,000 after purchasing an additional 743 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Korn Ferry by 9.1% during the third quarter. Bank of New York Mellon Corp now owns 932,762 shares of the business services provider's stock worth $44,250,000 after purchasing an additional 77,856 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KFY. StockNews.com raised Korn Ferry from a "hold" rating to a "buy" rating in a research note on Wednesday, March 13th. Truist Financial raised their price objective on Korn Ferry from $64.00 to $74.00 and gave the company a "buy" rating in a research note on Monday, March 4th. UBS Group raised their price objective on Korn Ferry from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. William Blair raised Korn Ferry from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 29th. Finally, Robert W. Baird raised their price objective on Korn Ferry from $62.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.00.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, Director Jerry Leamon sold 10,000 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.80, for a total value of $658,000.00. Following the sale, the director now directly owns 16,802 shares in the company, valued at $1,105,571.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

Korn Ferry Stock Up 0.6 %

Shares of KFY stock traded up $0.37 during trading hours on Friday, reaching $61.01. The company had a trading volume of 272,334 shares, compared to its average volume of 293,133. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $69.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 1.83. The business has a fifty day simple moving average of $62.94 and a 200-day simple moving average of $57.10. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 21.11 and a beta of 1.47.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The business services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.08. The business had revenue of $676.80 million for the quarter, compared to analyst estimates of $657.91 million. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. Korn Ferry's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. On average, research analysts expect that Korn Ferry will post 4.17 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 27th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.32 dividend on an annualized basis and a yield of 2.16%. Korn Ferry's dividend payout ratio (DPR) is currently 45.67%.

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.