EULAV Asset Management purchased a new stake in Korn Ferry (NYSE:KFY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,700 shares of the business services provider’s stock, valued at approximately $604,000.
Several other large investors have also bought and sold shares of KFY. First Mercantile Trust Co. bought a new stake in shares of Korn Ferry in the 1st quarter valued at about $152,000. Advisors Preferred LLC bought a new stake in shares of Korn Ferry in the 4th quarter valued at about $159,000. LS Investment Advisors LLC raised its holdings in shares of Korn Ferry by 138.0% in the 4th quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 2,701 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Korn Ferry in the 1st quarter valued at about $200,000. Finally, Ifrah Financial Services Inc. bought a new stake in shares of Korn Ferry in the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 88.59% of the company’s stock.
NYSE KFY opened at $54.55 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market cap of $3.08 billion, a P/E ratio of 24.35 and a beta of 1.22. Korn Ferry has a 52 week low of $31.36 and a 52 week high of $56.18.
Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Tuesday, March 6th. The business services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. The firm had revenue of $447.60 million during the quarter, compared to analyst estimates of $414.54 million. Korn Ferry had a net margin of 6.83% and a return on equity of 12.72%. Korn Ferry’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. research analysts forecast that Korn Ferry will post 2.63 earnings per share for the current fiscal year.
In related news, Director Angel R. Martinez purchased 2,000 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were acquired at an average price of $50.30 per share, for a total transaction of $100,600.00. Following the purchase, the director now owns 5,030 shares of the company’s stock, valued at approximately $253,009. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Debra J. Perry sold 5,520 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $51.00, for a total transaction of $281,520.00. Following the transaction, the director now owns 26,452 shares in the company, valued at approximately $1,349,052. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.
Several research firms have recently commented on KFY. Zacks Investment Research upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, March 9th. ValuEngine upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Goldman Sachs began coverage on shares of Korn Ferry in a report on Tuesday, March 27th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.80.
Korn Ferry Company Profile
Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit industries.
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