Venturi Wealth Management LLC Invests $122,000 in Korn Ferry (NYSE:KFY)

Venturi Wealth Management LLC acquired a new position in Korn Ferry (NYSE:KFY) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,814 shares of the business services provider’s stock, valued at approximately $122,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings 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 purchasing an additional 2,026 shares during the period. KBC Group NV raised its holdings 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 purchasing an additional 1,033 shares during the period. Highland Capital Management LLC purchased a new position in shares of Korn Ferry in the 4th quarter worth about $201,000. Glenmede Trust Co. NA purchased a new position in shares of Korn Ferry in the 3rd quarter worth about $203,000. Finally, MML Investors Services LLC purchased a new position in shares of Korn Ferry in the 3rd quarter worth about $209,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KFY has been the topic of several analyst reports. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial raised their target price on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Korn Ferry Stock Performance

Shares of NYSE:KFY opened at $64.33 on Friday. The company has a market cap of $3.32 billion, a P/E ratio of 13.74 and a beta of 1.57. 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 one year low of $58.67 and a one year high of $80.64. The business’s 50-day simple moving average is $68.21 and its 200 day simple moving average is $71.10.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $682.00 million for the quarter, compared to the consensus estimate of $675.35 million. During the same period in the previous year, the business earned $0.97 EPS. Korn Ferry’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.30%. Korn Ferry’s dividend payout ratio is presently 31.62%.

Insiders Place Their Bets

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of Korn Ferry stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at $4,975,096.56. The trade was a 22.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

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.