Ameritas Investment Partners Inc. Has $342,000 Position in Korn Ferry (NYSE:KFY)

Ameritas Investment Partners Inc. cut its holdings in shares of Korn Ferry (NYSE:KFY) by 3.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,207 shares of the business services provider’s stock after selling 197 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Korn Ferry were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KFY. Quest Partners LLC bought a new position in shares of Korn Ferry during the fourth quarter valued at $29,000. GAMMA Investing LLC bought a new position in Korn Ferry during the 4th quarter worth $45,000. Quadrant Capital Group LLC lifted its holdings in Korn Ferry by 90.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock worth $63,000 after buying an additional 503 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Korn Ferry by 13.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock valued at $151,000 after buying an additional 301 shares during the last quarter. Finally, Cim Investment Management Inc. acquired a new stake in shares of Korn Ferry in the fourth quarter valued at about $204,000. 98.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Mark Arian sold 5,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.73, for a total transaction of $333,650.00. Following the completion of the sale, the chief executive officer now directly owns 96,484 shares of the company’s stock, valued at $6,438,377.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Korn Ferry Stock Down 0.8 %

Korn Ferry stock opened at $70.65 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $66.80 and its two-hundred day moving average price is $63.26. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 21.94 and a beta of 1.54. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $72.52.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.13 by $0.13. Korn Ferry had a return on equity of 13.18% and a net margin of 6.05%. The firm had revenue of $690.80 million during the quarter, compared to the consensus estimate of $687.36 million. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that Korn Ferry will post 4.86 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.09%. This is an increase from Korn Ferry’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, July 3rd. Korn Ferry’s dividend payout ratio is presently 45.96%.

Analysts Set New Price Targets

Several brokerages recently commented on KFY. Robert W. Baird upped their target price on Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Truist Financial restated a “buy” rating and issued a $78.00 target price (up from $74.00) on shares of Korn Ferry in a research note on Friday, June 14th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, UBS Group increased their price target on Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

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.