Korn Ferry (NYSE:KFY) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,462 shares of the business services provider's stock after purchasing an additional 35,985 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.37% of Korn Ferry worth $42,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KFY. Wedge Capital Management L L P NC boosted its position in shares of Korn Ferry by 29.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 96,988 shares of the business services provider's stock worth $5,756,000 after purchasing an additional 21,910 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Korn Ferry during the third quarter worth about $52,000. UBS Group AG increased its holdings in shares of Korn Ferry by 19.8% during the third quarter. UBS Group AG now owns 169,728 shares of the business services provider's stock valued at $8,052,000 after acquiring an additional 28,091 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Korn Ferry in the 3rd quarter worth approximately $2,393,000. Finally, Assenagon Asset Management S.A. grew its position in Korn Ferry by 525.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 224,741 shares of the business services provider's stock worth $10,662,000 after purchasing an additional 188,817 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Insiders Place Their Bets

In other Korn Ferry news, Director Jerry Leamon sold 10,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $1,105,571.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Korn Ferry Stock Performance

Shares of NYSE KFY traded down $0.74 during trading on Monday, reaching $65.69. 240,470 shares of the company traded hands, compared to its average volume of 354,422. Korn Ferry has a 12-month low of $44.45 and a 12-month high of $69.69. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.45 billion, a P/E ratio of 22.92 and a beta of 1.47. The firm's fifty day simple moving average is $63.44 and its 200 day simple moving average is $58.88.

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

Korn Ferry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were issued a $0.33 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $1.32 dividend on an annualized basis and a yield of 2.01%. Korn Ferry's payout ratio is 45.67%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. William Blair raised shares of Korn Ferry from a "market perform" rating to an "outperform" rating in a report on Thursday, February 29th. Truist Financial increased their price objective on Korn Ferry from $64.00 to $74.00 and gave the company a "buy" rating in a report on Monday, March 4th. UBS Group lifted their target price on Korn Ferry from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Wednesday, March 13th. Finally, Robert W. Baird lifted their price objective on shares of Korn Ferry from $62.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.00.

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.