Barclays PLC grew its stake in Korn Ferry (NYSE:KFY - Free Report) by 129.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,937 shares of the business services provider's stock after purchasing an additional 135,148 shares during the period. Barclays PLC owned approximately 0.46% of Korn Ferry worth $18,053,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of KFY. Arizona State Retirement System increased its stake in Korn Ferry by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider's stock valued at $981,000 after buying an additional 168 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Korn Ferry by 112.0% during the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider's stock worth $29,000 after acquiring an additional 205 shares during the period. SummerHaven Investment Management LLC raised its holdings in Korn Ferry by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider's stock worth $961,000 after purchasing an additional 229 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in Korn Ferry by 1.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider's stock valued at $1,144,000 after purchasing an additional 231 shares during the period. Finally, Simplicity Wealth LLC boosted its holdings in Korn Ferry by 4.8% in the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider's stock valued at $462,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.
KFY stock opened at $70.11 on Friday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 14.98 and a beta of 1.56. The company has a current ratio of 2.07, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $73.96 and a 200-day moving average of $70.91. Korn Ferry has a 12-month low of $54.77 and a 12-month high of $80.64.
Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. The firm had revenue of $682.00 million during the quarter, compared to analysts' expectations of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry's revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, equities analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.11%. Korn Ferry's dividend payout ratio (DPR) is currently 31.62%.
Several analysts have recently commented on KFY shares. Truist Financial raised 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Korn Ferry currently has an average rating of "Moderate Buy" and an average price target of $77.00.
View Our Latest Research Report on KFY
In other Korn Ferry news, 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 transaction of $1,580,163.13. Following the completion of the transaction, the chief financial officer now owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary D. Burnison sold 16,274 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total value of $1,205,089.70. Following the completion of the sale, the chief executive officer now owns 356,844 shares in the company, valued at $26,424,298.20. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,201 shares of company stock worth $6,329,320. 1.40% of the stock is owned by corporate insiders.
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.
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