Korn Ferry (NYSE:KFY) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 82.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,242 shares of the business services provider's stock after selling 74,280 shares during the period. Jane Street Group LLC's holdings in Korn Ferry were worth $1,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Seven Eight Capital LP increased its holdings in shares of Korn Ferry by 216.4% during the 2nd quarter. Seven Eight Capital LP now owns 25,049 shares of the business services provider's stock worth $1,682,000 after buying an additional 17,132 shares during the last quarter. Thrivent Financial for Lutherans grew its position 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 valued at $71,431,000 after acquiring an additional 62,385 shares during the period. Quest Partners LLC acquired a new stake in Korn Ferry during the second quarter worth about $653,000. Driehaus Capital Management LLC increased its stake in Korn Ferry by 7.7% during the second quarter. Driehaus Capital Management LLC now owns 295,460 shares of the business services provider's stock worth $19,837,000 after acquiring an additional 21,235 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in shares of Korn Ferry by 21.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider's stock worth $5,455,000 after purchasing an additional 13,017 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Analyst Upgrades and Downgrades

KFY has been the subject of a number of research reports. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th. Truist Financial boosted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a research note 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 data from MarketBeat, Korn Ferry currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

Insider Buying and Selling

In other news, CEO Mark Arian sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief executive officer now directly owns 68,869 shares in the company, valued at approximately $4,975,096.56. This represents a 22.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary D. Burnison sold 16,274 shares of Korn Ferry stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the completion of the sale, the chief executive officer now owns 356,844 shares of the company's stock, valued at approximately $26,424,298.20. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,280 shares of company stock valued at $5,832,156 in the last quarter. Company insiders own 1.40% of the company's stock.

Korn Ferry Stock Down 1.3 %

Shares of NYSE KFY traded down $0.87 on Friday, hitting $67.39. The company had a trading volume of 235,724 shares, compared to its average volume of 358,383. The company has a quick ratio of 2.15, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 12-month low of $54.77 and a 12-month high of $80.64. The firm has a market capitalization of $3.48 billion, a P/E ratio of 14.40 and a beta of 1.56. The business has a 50 day moving average of $73.14 and a two-hundred day moving average of $71.13.

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

Korn Ferry Dividend Announcement

The company also recently declared 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 2.20%. The ex-dividend date of this dividend is Friday, December 20th. Korn Ferry's 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.