Seizert Capital Partners LLC lowered its stake in shares of Korn Ferry (NYSE:KFY) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,770 shares of the business services provider’s stock after selling 2,448 shares during the quarter. Seizert Capital Partners LLC’s holdings in Korn Ferry were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in shares of Korn Ferry by 1,403.1% during the first quarter. Parallel Advisors LLC now owns 1,969 shares of the business services provider’s stock worth $88,000 after acquiring an additional 1,838 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Korn Ferry by 14.5% during the first quarter. Advisors Asset Management Inc. now owns 3,090 shares of the business services provider’s stock worth $138,000 after acquiring an additional 392 shares during the last quarter. CWM Advisors LLC purchased a new position in shares of Korn Ferry during the second quarter worth approximately $206,000. Fox Run Management L.L.C. purchased a new position in shares of Korn Ferry during the second quarter worth approximately $290,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Korn Ferry during the first quarter worth approximately $336,000. 88.51% of the stock is currently owned by institutional investors.
NYSE:KFY traded down $1.49 during midday trading on Friday, reaching $37.01. The stock had a trading volume of 354,172 shares, compared to its average volume of 316,502. The firm has a fifty day simple moving average of $38.94 and a two-hundred day simple moving average of $44.11. Korn Ferry has a 12-month low of $36.68 and a 12-month high of $68.75. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.17 billion, a P/E ratio of 11.18 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 2nd were given a $0.10 dividend. The ex-dividend date was Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. Korn Ferry’s dividend payout ratio (DPR) is 12.08%.
A number of equities analysts have recently issued reports on KFY shares. SunTrust Banks lowered their target price on shares of Korn Ferry to $58.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Zacks Investment Research upgraded shares of Korn Ferry from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, ValuEngine upgraded shares of Korn Ferry from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Korn Ferry presently has a consensus rating of “Hold” and an average target price of $49.33.
Korn Ferry Profile
Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services 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 market sectors.
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