Barclays PLC Has $11.36 Million Position in Korn Ferry (NYSE:KFY)

Barclays PLC reduced its stake in Korn Ferry (NYSE:KFY - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,486 shares of the business services provider's stock after selling 71,451 shares during the period. Barclays PLC owned 0.33% of Korn Ferry worth $11,364,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. MML Investors Services LLC bought a new position in shares of Korn Ferry in the third quarter valued at approximately $209,000. Cim Investment Management Inc. purchased a new position in shares of Korn Ferry during the third quarter valued at $209,000. Franklin Resources Inc. grew its holdings in shares of Korn Ferry by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 25,133 shares of the business services provider's stock valued at $1,824,000 after acquiring an additional 1,663 shares in the last quarter. Principal Financial Group Inc. grew its position in Korn Ferry by 5.7% in the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock worth $20,463,000 after acquiring an additional 14,601 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Korn Ferry by 193.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock valued at $32,050,000 after acquiring an additional 281,024 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their target price on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

Korn Ferry Price Performance

Shares of Korn Ferry stock traded down $0.58 during mid-day trading on Friday, reaching $61.69. 604,309 shares of the stock were exchanged, compared to its average volume of 378,532. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 13.18 and a beta of 1.40. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm has a 50-day simple moving average of $64.75 and a 200 day simple moving average of $69.00.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. On average, sell-side analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were given a $0.48 dividend. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Thursday, March 27th. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.

About Korn Ferry

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.