Quadrant Capital Group LLC Increases Stock Holdings in Korn Ferry (NYSE:KFY)

Posted by Defense World Staff on Jun 7th, 2023

Quadrant Capital Group LLC boosted its position in Korn Ferry (NYSE:KFY – Get Rating) by 106.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,214 shares of the business services provider’s stock after purchasing an additional 627 shares during the period. Quadrant Capital Group LLC’s holdings in Korn Ferry were worth $61,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its position in shares of Korn Ferry by 253.6% during the 3rd quarter. Boston Partners now owns 606,823 shares of the business services provider’s stock valued at $29,254,000 after buying an additional 435,197 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Korn Ferry by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,806,189 shares of the business services provider’s stock valued at $319,551,000 after buying an additional 318,600 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Korn Ferry by 406.1% during the 1st quarter. Renaissance Technologies LLC now owns 346,700 shares of the business services provider’s stock valued at $22,515,000 after buying an additional 278,200 shares in the last quarter. BlackRock Inc. lifted its position in shares of Korn Ferry by 3.1% during the 3rd quarter. BlackRock Inc. now owns 8,455,249 shares of the business services provider’s stock valued at $396,975,000 after buying an additional 253,268 shares in the last quarter. Finally, Pictet Asset Management SA lifted its position in shares of Korn Ferry by 21.4% during the 3rd quarter. Pictet Asset Management SA now owns 1,364,401 shares of the business services provider’s stock valued at $64,059,000 after buying an additional 240,179 shares in the last quarter. 91.61% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $50.91 on Wednesday. The stock’s fifty day moving average is $48.89 and its two-hundred day moving average is $52.02. The company has a market capitalization of $2.67 billion, a PE ratio of 10.74 and a beta of 1.50. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.25. Korn Ferry has a 52 week low of $44.69 and a 52 week high of $66.65.

Korn Ferry (NYSE:KFY – Get Rating) last issued its earnings results on Wednesday, March 8th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. Korn Ferry had a return on equity of 19.22% and a net margin of 8.89%. The business had revenue of $686.80 million during the quarter, compared to analysts’ expectations of $669.56 million. During the same period in the prior year, the business earned $1.59 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts expect that Korn Ferry will post 4.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KFY. Robert W. Baird lowered their price objective on Korn Ferry from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, March 16th. The Goldman Sachs Group lowered their price target on Korn Ferry from $72.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. Finally, StockNews.com started coverage on Korn Ferry in a report on Thursday, May 18th. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

About Korn Ferry

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Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.