BNP Paribas Financial Markets Sells 12,757 Shares of Korn Ferry (NYSE:KFY)

BNP Paribas Financial Markets cut its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 32.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,854 shares of the business services provider's stock after selling 12,757 shares during the period. BNP Paribas Financial Markets owned about 0.05% of Korn Ferry worth $2,020,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KFY. Dimensional Fund Advisors LP lifted its position in shares of 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 purchasing an additional 48,993 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Korn Ferry during the third quarter worth about $103,546,000. Jennison Associates LLC lifted 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 during the last quarter. Thrivent Financial for Lutherans lifted 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 during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of 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 purchasing an additional 27,773 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Truist Financial raised their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Insider Buying and Selling

In other Korn Ferry news, insider Michael Distefano sold 5,000 shares of Korn Ferry stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total transaction of $361,800.00. Following the completion of the sale, the insider now owns 50,954 shares of the company's stock, valued at $3,687,031.44. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction 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 sale, the chief financial officer now directly owns 154,535 shares of the company's stock, valued at $11,672,028.55. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,201 shares of company stock valued at $6,329,320. Company insiders own 1.40% of the company's stock.

Korn Ferry Price Performance

Shares of NYSE KFY traded down $0.52 during mid-day trading on Friday, reaching $71.56. 569,774 shares of the company traded hands, compared to its average volume of 268,310. Korn Ferry has a fifty-two week low of $52.06 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market cap of $3.72 billion, a PE ratio of 15.29 and a beta of 1.56. The stock has a fifty day simple moving average of $74.19 and a 200-day simple moving average of $70.73.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. Equities research analysts anticipate that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, December 20th. Korn Ferry's dividend payout ratio is 31.62%.

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.