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Oregon Public Employees Retirement Fund Sells 259 Shares of Korn Ferry (NYSE:KFY)


Oregon Public Employees Retirement Fund cut its position in shares of Korn Ferry (NYSE:KFYGet Rating) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,540 shares of the business services provider’s stock after selling 259 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Korn Ferry were worth $1,334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Inspire Investing LLC acquired a new stake in Korn Ferry in the 1st quarter valued at $236,000. Virginia Retirement Systems ET AL boosted its stake in Korn Ferry by 142.7% in the first quarter. Virginia Retirement Systems ET AL now owns 23,300 shares of the business services provider’s stock worth $1,513,000 after purchasing an additional 13,700 shares in the last quarter. Diversified Trust Co boosted its stake in Korn Ferry by 70.4% in the first quarter. Diversified Trust Co now owns 14,086 shares of the business services provider’s stock worth $915,000 after purchasing an additional 5,818 shares in the last quarter. First Hawaiian Bank acquired a new position in Korn Ferry in the first quarter worth $521,000. Finally, Paradigm Financial Partners LLC acquired a new position in Korn Ferry in the fourth quarter worth $580,000. 95.75% of the stock is currently owned by institutional investors and hedge funds.

KFY has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on Korn Ferry from $83.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. StockNews.com raised Korn Ferry from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th. Truist Financial cut their price target on Korn Ferry from $98.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, June 17th. Finally, Robert W. Baird dropped their price objective on Korn Ferry from $90.00 to $72.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd.

NYSE KFY opened at $59.21 on Tuesday. The stock has a 50-day simple moving average of $58.71 and a 200 day simple moving average of $64.20. The company has a market capitalization of $3.14 billion, a PE ratio of 9.88 and a beta of 1.40. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Korn Ferry has a 12 month low of $51.08 and a 12 month high of $84.68.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, July 5th. This is an increase from Korn Ferry’s previous quarterly dividend of $0.12. Korn Ferry’s dividend payout ratio is currently 10.02%.

About Korn Ferry (Get Rating)

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. 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 industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.

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Institutional Ownership by Quarter for Korn Ferry (NYSE:KFY)



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