Korn Ferry (NYSE:KFY) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of Korn Ferry (NYSE:KFY) by 129.0% in the third quarter, Holdings Channel.com reports. The fund owned 239,937 shares of the business services provider’s stock after buying an additional 135,148 shares during the quarter. Barclays PLC’s holdings in Korn Ferry were worth $18,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Korn Ferry by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock valued at $220,296,000 after purchasing an additional 48,993 shares in the last quarter. State Street Corp lifted its position in Korn Ferry by 2.0% during the third quarter. State Street Corp now owns 2,069,906 shares of the business services provider’s stock valued at $156,503,000 after buying an additional 40,240 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Korn Ferry during the third quarter worth approximately $103,546,000. Jennison Associates LLC increased its position in shares of Korn Ferry by 13.2% in the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock worth $74,337,000 after acquiring an additional 115,523 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Korn Ferry by 7.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider’s stock valued at $71,431,000 after acquiring an additional 62,385 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial increased their price target on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com downgraded Korn Ferry from a “buy” rating to a “hold” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Insider Transactions at Korn Ferry

In related news, insider Michael Distefano sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the sale, the insider now directly owns 50,954 shares of the company’s stock, valued at approximately $3,687,031.44. This represents a 8.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $75.53, for a total value of $1,580,163.13. Following the transaction, the chief financial officer now owns 154,535 shares in the company, valued at $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,201 shares of company stock valued at $6,329,320. Insiders own 1.40% of the company’s stock.

Korn Ferry Trading Down 0.3 %

NYSE:KFY opened at $70.11 on Friday. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 14.98 and a beta of 1.56. Korn Ferry has a one year low of $54.77 and a one year high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.07. The business’s 50-day simple moving average is $73.96 and its 200 day simple moving average is $70.91.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business had revenue of $682.00 million during the quarter, compared to analyst estimates of $675.35 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.11%. Korn Ferry’s payout ratio is 31.62%.

About Korn Ferry

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.