Edgestream Partners L.P. Sells 48,165 Shares of Korn Ferry (NYSE:KFY)

Edgestream Partners L.P. decreased its position in Korn Ferry (NYSE:KFY) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,963 shares of the business services provider’s stock after selling 48,165 shares during the quarter. Edgestream Partners L.P.’s holdings in Korn Ferry were worth $2,561,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Korn Ferry in the 4th quarter worth $10,727,000. Arizona State Retirement System grew its stake in shares of Korn Ferry by 1.2% in the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock worth $1,018,000 after acquiring an additional 176 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Korn Ferry during the fourth quarter valued at about $685,000. Cookson Peirce & Co. Inc. grew its position in Korn Ferry by 13.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 7,134 shares of the business services provider’s stock valued at $481,000 after buying an additional 853 shares during the period. Finally, Victory Capital Management Inc. grew its position in Korn Ferry by 11.5% during the fourth quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider’s stock valued at $59,948,000 after buying an additional 91,461 shares during the period. Institutional investors own 98.82% of the company’s stock.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $4,975,096.56. This represents a 22.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

KFY has been the subject of several research reports. Truist Financial increased their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th.

Korn Ferry Price Performance

NYSE KFY opened at $65.67 on Monday. The company has a market cap of $3.39 billion, a PE ratio of 14.03 and a beta of 1.57. Korn Ferry has a 52 week low of $59.78 and a 52 week high of $80.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $67.63 and its two-hundred day simple moving average is $70.87.

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

Korn Ferry Company 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.