Allspring Global Investments Holdings LLC Has $88.57 Million Position in Korn Ferry (NYSE:KFY)

Allspring Global Investments Holdings LLC lowered its stake in Korn Ferry (NYSE:KFY - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,325,721 shares of the business services provider's stock after selling 9,407 shares during the period. Allspring Global Investments Holdings LLC owned 2.57% of Korn Ferry worth $88,571,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KFY. Blue Trust Inc. raised its position in shares of Korn Ferry by 1,083.4% during the third quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider's stock worth $167,000 after acquiring an additional 2,026 shares during the last quarter. CWM LLC raised its position in shares of Korn Ferry by 153.9% during the third quarter. CWM LLC now owns 2,260 shares of the business services provider's stock worth $170,000 after acquiring an additional 1,370 shares during the last quarter. KBC Group NV raised its position in shares of Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock worth $171,000 after acquiring an additional 1,033 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Korn Ferry during the third quarter worth $203,000. Finally, MML Investors Services LLC bought a new stake in shares of Korn Ferry during the third quarter worth $209,000. Institutional investors own 98.82% of the company's stock.

Insider Transactions at Korn Ferry

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 transaction, the chief executive officer now owns 68,869 shares in the company, valued at approximately $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 accessible through this link. 1.40% of the stock is owned by corporate insiders.

Korn Ferry Stock Up 0.5 %

NYSE KFY traded up $0.31 during trading hours on Friday, hitting $66.92. 325,110 shares of the company traded hands, compared to its average volume of 273,930. The business's 50-day moving average is $68.73 and its 200-day moving average is $71.25. Korn Ferry has a twelve month low of $57.91 and a twelve month high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 14.30 and a beta of 1.57.

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 (EPS) for the quarter, meeting 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 return on equity of 14.27% and a net margin of 9.03%. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. Sell-side analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.21%. Korn Ferry's dividend payout ratio (DPR) is currently 31.62%.

Analyst Ratings Changes

A number of research firms have recently weighed in on KFY. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial increased their price target on Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a 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's stock. According to MarketBeat.com, Korn Ferry has an average rating of "Moderate Buy" and a consensus price target 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.