Allspring Global Investments Holdings LLC Has $100.46 Million Stake in Korn Ferry (NYSE:KFY)

Allspring Global Investments Holdings LLC cut its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,335,128 shares of the business services provider's stock after selling 20,811 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.58% of Korn Ferry worth $100,455,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KFY. Janus Henderson Group PLC boosted its holdings in Korn Ferry by 161.5% in the first quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider's stock valued at $4,409,000 after purchasing an additional 41,416 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of Korn Ferry during the 1st quarter worth $815,000. Diversify Advisory Services LLC acquired a new position in shares of Korn Ferry during the 2nd quarter worth approximately $1,158,000. Jennison Associates LLC acquired a new position in Korn Ferry in the 1st quarter valued at $52,948,000. Finally, Jane Street Group LLC grew its holdings in Korn Ferry by 884.9% in the first quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider's stock valued at $5,033,000 after purchasing an additional 68,765 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Performance

KFY stock traded down $0.89 during mid-day trading on Monday, reaching $69.76. The company had a trading volume of 369,581 shares, compared to its average volume of 359,470. The stock's 50-day simple moving average is $71.51 and its two-hundred day simple moving average is $67.84. Korn Ferry has a one year low of $44.45 and a one year high of $76.63. The stock has a market capitalization of $3.61 billion, a P/E ratio of 21.66 and a beta of 1.54. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business had revenue of $682.80 million during the quarter, compared to analyst estimates of $663.84 million. During the same quarter in the previous year, the business earned $0.99 EPS. Korn Ferry's quarterly revenue was down 3.3% compared to the same quarter last year. Research analysts anticipate that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, September 19th. Korn Ferry's dividend payout ratio (DPR) is currently 45.96%.

Insider Transactions at Korn Ferry

In related news, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the sale, the chief executive officer now directly owns 273,118 shares in the company, valued at $19,713,657.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gary D. Burnison sold 38,726 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the transaction, the chief executive officer now owns 273,118 shares in the company, valued at $19,713,657.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Distefano sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total value of $361,800.00. Following the transaction, the insider now directly owns 50,954 shares of the company's stock, valued at approximately $3,687,031.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,201 shares of company stock valued at $6,329,320. Corporate insiders own 1.50% of the company's stock.

Korn Ferry 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.