Cookson Peirce & Co. Inc. Raises Stake in Korn Ferry (NYSE:KFY)

Cookson Peirce & Co. Inc. boosted its holdings in shares of Korn Ferry (NYSE:KFY) by 13.6% in the fourth quarter, HoldingsChannel reports. The fund owned 7,134 shares of the business services provider’s stock after acquiring an additional 853 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Korn Ferry were worth $481,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its position in Korn Ferry by 11.5% during the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider’s stock valued at $59,948,000 after acquiring an additional 91,461 shares during the period. Keybank National Association OH lifted its position in Korn Ferry by 21.9% during the 4th quarter. Keybank National Association OH now owns 7,166 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 1,285 shares during the period. Smartleaf Asset Management LLC lifted its position in Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 963 shares during the period. Proficio Capital Partners LLC purchased a new position in Korn Ferry during the 4th quarter valued at about $685,000. Finally, Illinois Municipal Retirement Fund lifted its position in Korn Ferry by 8.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,872 shares of the business services provider’s stock valued at $2,082,000 after acquiring an additional 2,443 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Performance

Shares of KFY stock opened at $64.84 on Thursday. The company has a 50 day moving average price of $67.72 and a 200-day moving average price of $70.92. Korn Ferry has a 52 week low of $59.78 and a 52 week high of $80.64. The firm has a market capitalization of $3.34 billion, a PE ratio of 13.85 and a beta of 1.57. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm had revenue of $682.00 million during the quarter, compared to analyst estimates of $675.35 million. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities research analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th.

Insider Transactions at Korn Ferry

In related news, CEO Mark Arian sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the transaction, the chief executive officer now owns 68,869 shares of the company’s stock, valued at approximately $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

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.