Artemis Investment Management LLP Lowers Position in Korn Ferry (NYSE:KFY)

Artemis Investment Management LLP decreased its holdings in shares of Korn Ferry (NYSE:KFY) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,396 shares of the business services provider’s stock after selling 8,435 shares during the quarter. Artemis Investment Management LLP’s holdings in Korn Ferry were worth $31,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its position in Korn Ferry by 161.5% during 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 in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Korn Ferry during the 1st quarter valued at $815,000. Diversify Advisory Services LLC purchased a new position in Korn Ferry in the 2nd quarter worth $1,158,000. Jennison Associates LLC bought a new stake in shares of Korn Ferry in the 1st quarter valued at about $52,948,000. Finally, Jane Street Group LLC boosted its holdings in Korn Ferry by 884.9% during the 1st quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider’s stock valued at $5,033,000 after acquiring an additional 68,765 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on KFY shares. Robert W. Baird lifted their target price on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. Truist Financial reissued a “buy” rating and issued a $78.00 target price (up from $74.00) on shares of Korn Ferry in a research note on Friday, June 14th. Finally, StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Korn Ferry presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Transactions at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the transaction, the chief executive officer now owns 273,118 shares in the company, valued at approximately $19,713,657.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the completion of the transaction, the insider now owns 50,954 shares in the company, valued at $3,687,031.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,921 shares of company stock worth $5,942,296 over the last quarter. 1.50% of the stock is currently owned by insiders.

Korn Ferry Trading Down 0.8 %

Shares of NYSE KFY opened at $71.91 on Wednesday. The stock has a market cap of $3.73 billion, a P/E ratio of 22.33 and a beta of 1.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. Korn Ferry has a 1 year low of $44.45 and a 1 year high of $76.63. The firm has a 50-day moving average of $71.08 and a 200 day moving average of $67.45.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $682.80 million for the quarter, compared to analysts’ expectations of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, sell-side analysts expect that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 19th. Korn Ferry’s payout ratio is 45.96%.

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.