Kerrisdale Advisors LLC Sells 14,200 Shares of Korn Ferry (NYSE:KFY)

Financial Advisors


Kerrisdale Advisors LLC reduced its stake in Korn Ferry (NYSE:KFY – rated) by 12.8% during the fourth quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor owned 97,025 shares in the business service provider after selling 14,200 shares during the period. Korn Ferry represents 1.5% of Kerrisdale Advisors LLC’s investment portfolio, making it the company’s 21st largest holding. Kerrisdale Advisors LLC owned approximately 0.18% of the shares of Korn Ferry, valued at $4,911,000, as of the most recent filing with the Securities and Exchange Commission.

Other big investors have also recently changed their holdings in the company. Quadrant Capital Group LLC increased its stake in Korn Ferry shares by 475.5% during the third quarter. Quadrant Capital Group LLC purchased an additional 485 of his shares last quarter and now owns 587 of his shares in his provider of this business service, valued at $28,000. TCI Wealth Advisors increased Korn Ferry shares by 123.8% in the fourth quarter. TCI Wealth Advisors Inc. acquired an additional 317 shares last quarter and now owns 573 shares of the business services provider, valued at $29,000. Advisors Asset Management increased its Korn Ferry shares by 55.2% in the first quarter. Advisors Asset Management Inc. acquired an additional 336 shares last quarter and now owns 945 shares of the business services provider, valued at $61,000. EverSource Wealth Advisors LLC increased its Korn Ferry stake by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC acquired an additional 277 shares last quarter and now owns 1,698 shares of the business services provider, valued at $86,000. Finally, Lazard Asset Management LLC increased its Korn Ferry stake by 22.6% during the first quarter. Lazard Asset Management LLC acquired an additional 313 shares last quarter and now owns 1,695 shares of the business services provider, valued at $110,000. Institutional investors own 91.61% of the company’s shares.

Corn Ferry Stock Up 0.1 %

The NYSE KFY share rose $0.03 to $51.28 in Friday noon trading. The stock traded 128,597 shares with an average turnover of 274,064 shares. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt to equity ratio of 0.25. His 50-day moving average for this company is $48.91 and his 200-day moving average is $52.01. Korn Ferry has a 52-week low of $44.69 and a 52-week high of $66.65. The company has a market cap of $2.69 billion, a P/E of 10.79 and a beta of 1.50.

Korn Ferry (NYSE:KFY – Get Rating) last released its quarterly earnings data on Wednesday, March 8. The business services provider reported earnings per share of $1.01 for the quarter, beating consensus expectations of $0.89 by $0.12. Korn Ferry had a net profit margin of 8.89% and a return on equity of 19.22%. The company’s revenue for the quarter was $686.8 million, compared with analysts’ expectations of $669.56 million. The company’s earnings per share were $1.59 in the year-ago quarter. The company’s quarterly revenue increased by 0.3% year-on-year. Analysts expect Korn Ferry to hit his EPS of 4.95 this year for the group as a whole.

Wall Street analysts forecast growth

Several research firms have recently commented on KFY. Goldman Sachs Group Inc. lowered its price target on Korn Ferry shares to $64.00 from $72.00 and set a Buy rating for the stock in its research note on Tuesday, April 11. StockNews.com began reporting on Korn Ferry stock in a research note on Thursday, May 18. They issued a “buy” rating on the stock. Finally, Robert W. Baird lowered his price target on Korn/Ferry stock to $59.00 from $61.00 in a research note on Thursday, March 16, setting the stock’s valuation to “Outperform.” One research analyst has a Hold rating on the stock, while four have a Buy rating. According to MarketBeat.com, Kornferry has an average rating of “moderate buy” and an average target price of $62.67.

Corn Ferry Profile

(get rating)

Korn Ferry operates as a global organizational consulting firm committed to aligning clients’ strategies, operations and people to drive superior business results. 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 and Professional Search.

Related item

Korn Ferry Institutional Ownership Quarterly (NYSE:KFY)

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