Allianz Asset Management GmbH Purchases 93,591 Shares of Korn Ferry (NYSE:KFY)
Allianz Asset Management GmbH increased its stake in Korn Ferry (NYSE:KFY) by 14.2% in Q4, acquiring 93,591 shares, bringing its total to 753,414 shares valued at approximately $50.8 million. Other institutional investors also adjusted their positions, with 98.82% of the company's stock owned by institutions. Korn Ferry reported earnings of $1.21 per share, meeting estimates, and announced a quarterly dividend of $0.37 per share. Analysts have a consensus rating of "Moderate Buy" for the stock, with a price target of $77.00.
Allianz Asset Management GmbH lifted its position in Korn Ferry (NYSE:KFY - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 753,414 shares of the business services provider's stock after acquiring an additional 93,591 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.46% of Korn Ferry worth $50,818,000 at the end of the most recent reporting period.
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Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in shares of Korn Ferry in the 4th quarter worth $122,000. Blue Trust Inc. grew its stake in shares of Korn Ferry by 1,083.4% in the 3rd quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider's stock worth $167,000 after acquiring an additional 2,026 shares in the last quarter. KBC Group NV grew its stake in shares of Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock worth $171,000 after acquiring an additional 1,033 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Korn Ferry in the 3rd quarter worth $203,000. Finally, MML Investors Services LLC bought a new stake in shares of Korn Ferry in the 3rd quarter worth $209,000. Institutional investors own 98.82% of the company's stock.
Korn Ferry Price Performance
KFY opened at $64.33 on Friday. The firm has a market cap of $3.32 billion, a P/E ratio of 13.74 and a beta of 1.57. The firm has a 50-day moving average of $68.21 and a 200 day moving average of $71.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Korn Ferry has a fifty-two week low of $58.67 and a fifty-two week high of $80.64.
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Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The company had revenue of $682.00 million during the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, research analysts expect that Korn Ferry will post 4.75 EPS for the current year.
Korn Ferry Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were given a dividend of $0.37 per share. The ex-dividend date was Friday, December 20th. This represents a $1.48 dividend on an annualized basis and a yield of 2.30%. Korn Ferry's dividend payout ratio is presently 31.62%.
Insiders Place Their Bets
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In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief executive officer now owns 68,869 shares in the company, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a research note on Tuesday, December 17th. Truist Financial increased their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, December 6th. One research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $77.00.
Check Out Our Latest Stock Report on Korn Ferry
Korn Ferry Profile
(Free Report)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.
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