Korn Ferry (NYSE:KFY) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in Korn Ferry (NYSE:KFY - Free Report) by 70.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,581 shares of the business services provider's stock after selling 50,862 shares during the period. Janus Henderson Group PLC's holdings in Korn Ferry were worth $1,624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC grew its stake in Korn Ferry by 17.3% in the third quarter. HighTower Advisors LLC now owns 5,430 shares of the business services provider's stock worth $407,000 after purchasing an additional 800 shares in the last quarter. Edgestream Partners L.P. bought a new position in Korn Ferry during the 3rd quarter worth approximately $6,480,000. Verition Fund Management LLC grew its position in shares of Korn Ferry by 880.9% in the 3rd quarter. Verition Fund Management LLC now owns 68,358 shares of the business services provider's stock worth $5,143,000 after acquiring an additional 61,389 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Korn Ferry by 25.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 387,513 shares of the business services provider's stock valued at $29,156,000 after acquiring an additional 79,059 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Korn Ferry by 3.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider's stock valued at $861,000 after acquiring an additional 433 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Debra J. Perry sold 5,280 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the sale, the director now directly owns 46,180 shares of the company's stock, valued at approximately $3,384,994. This represents a 10.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary D. Burnison sold 16,274 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $74.05, for a total value of $1,205,089.70. Following the sale, the chief executive officer now directly owns 356,844 shares in the company, valued at approximately $26,424,298.20. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock valued at $6,329,320 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on KFY. Truist Financial boosted their target price 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 downgraded shares of Korn Ferry from a "buy" rating to a "hold" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $77.00.

Korn Ferry Stock Performance

NYSE KFY traded down $0.22 during trading hours on Friday, hitting $70.11. The company had a trading volume of 362,706 shares, compared to its average volume of 355,434. The company has a quick ratio of 2.15, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.62 billion, a P/E ratio of 14.98 and a beta of 1.56. Korn Ferry has a fifty-two week low of $54.77 and a fifty-two week high of $80.64. The business has a fifty day simple moving average of $73.96 and a 200-day simple moving average of $70.91.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, hitting analysts' consensus estimates of $1.21. The business had revenue of $682.00 million for the quarter, compared to analysts' expectations of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Equities analysts predict that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be issued a $0.37 dividend. 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 dividend payout ratio (DPR) 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.