Barclays PLC Buys 135,148 Shares of Korn Ferry (NYSE:KFY)

Barclays PLC lifted its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 129.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,937 shares of the business services provider's stock after acquiring an additional 135,148 shares during the period. Barclays PLC owned approximately 0.46% of Korn Ferry worth $18,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KFY. Seven Eight Capital LP raised its position in Korn Ferry by 216.4% during the second quarter. Seven Eight Capital LP now owns 25,049 shares of the business services provider's stock valued at $1,682,000 after purchasing an additional 17,132 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Korn Ferry by 7.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider's stock worth $71,431,000 after buying an additional 62,385 shares during the last quarter. Quest Partners LLC acquired a new stake in Korn Ferry in the second quarter valued at about $653,000. Driehaus Capital Management LLC grew its position in Korn Ferry by 7.7% in the second quarter. Driehaus Capital Management LLC now owns 295,460 shares of the business services provider's stock valued at $19,837,000 after acquiring an additional 21,235 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its stake in Korn Ferry by 21.9% during the third quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider's stock worth $5,455,000 after acquiring an additional 13,017 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Korn Ferry Trading Down 0.3 %

Shares of KFY stock traded down $0.22 during mid-day trading on Friday, hitting $70.11. The company's stock had a trading volume of 362,706 shares, compared to its average volume of 355,434. The company has a market cap of $3.62 billion, a PE ratio of 14.98 and a beta of 1.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.07. The company's fifty day simple moving average is $73.96 and its 200-day simple moving average is $70.94. Korn Ferry has a 52 week low of $54.77 and a 52 week high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. As a group, equities research analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 payout ratio is 31.62%.

Insiders Place Their Bets

In other Korn Ferry news, CFO Robert P. Rozek sold 20,921 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $75.53, for a total value of $1,580,163.13. Following the completion of the sale, the chief financial officer now owns 154,535 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary D. Burnison sold 16,274 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 owns 356,844 shares of the company's stock, valued at approximately $26,424,298.20. This represents a 4.36 % decrease in their position. 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. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KFY has been the subject of several research reports. Truist Financial increased their price objective 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 cut 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. According to 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.