Artemis Investment Management LLP Sells 40,634 Shares of Korn Ferry (NYSE:KFY)

Artemis Investment Management LLP reduced its position in Korn Ferry (NYSE:KFY - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,762 shares of the business services provider's stock after selling 40,634 shares during the quarter. Artemis Investment Management LLP owned approximately 0.73% of Korn Ferry worth $25,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of Korn Ferry by 2.0% during the 3rd 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 position in shares of Korn Ferry in the third quarter valued at about $103,546,000. Geode Capital Management LLC boosted its stake in shares of Korn Ferry by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,217,031 shares of the business services provider's stock worth $91,587,000 after acquiring an additional 28,014 shares during the period. Jennison Associates LLC grew its position in shares of 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 purchasing an additional 115,523 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of 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 purchasing an additional 62,385 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the sale, the chief executive officer now owns 68,869 shares of the company's stock, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company's stock.

Korn Ferry Price Performance

NYSE:KFY traded up $0.93 during trading hours on Monday, reaching $70.69. The stock had a trading volume of 522,166 shares, compared to its average volume of 322,048. The stock has a market capitalization of $3.65 billion, a PE ratio of 15.11 and a beta of 1.57. Korn Ferry has a 52 week low of $55.26 and a 52 week high of $80.64. The company has a 50 day moving average price of $71.77 and a two-hundred day moving average price of $71.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $682.00 million for the quarter, compared to analysts' expectations of $675.35 million. During the same quarter in the previous year, the business posted $0.97 earnings per share. Korn Ferry's quarterly revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, December 20th. This represents a $1.48 annualized dividend and a yield of 2.09%. Korn Ferry's payout ratio is currently 31.62%.

Analyst Ratings Changes

Several research firms have weighed in on KFY. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research note on Tuesday, December 17th. Truist Financial upped their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

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.