Korn Ferry (NYSE:KFY) Shares Purchased by State Street Corp

State Street Corp increased its holdings in shares of Korn Ferry (NYSE:KFY) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,069,906 shares of the business services provider’s stock after acquiring an additional 40,240 shares during the quarter. State Street Corp owned approximately 3.98% of Korn Ferry worth $156,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Korn Ferry by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock worth $220,296,000 after acquiring an additional 48,993 shares during the period. Pacer Advisors Inc. acquired a new stake in Korn Ferry during the third quarter worth about $103,546,000. Jennison Associates LLC raised its stake in Korn Ferry by 13.2% during 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 during the period. Thrivent Financial for Lutherans raised its stake in Korn Ferry by 7.0% during the third quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider’s stock worth $71,431,000 after acquiring an additional 62,385 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Korn Ferry by 3.6% during the third quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider’s stock worth $59,990,000 after acquiring an additional 27,773 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Buying and Selling

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

Korn Ferry Price Performance

NYSE KFY opened at $70.13 on Friday. Korn Ferry has a 12 month low of $54.77 and a 12 month high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.15. The firm has a market capitalization of $3.62 billion, a PE ratio of 14.99 and a beta of 1.56. The company’s 50 day simple moving average is $73.96 and its 200 day simple moving average is $70.88.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The business had revenue of $682.00 million for the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. As a group, equities research analysts forecast that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Announces Dividend

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

Analysts Set New Price Targets

KFY has been the topic of several analyst reports. Truist Financial raised their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered shares of Korn Ferry from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Korn Ferry Company Profile

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.