BNP Paribas Financial Markets Sells 12,757 Shares of Korn Ferry (NYSE:KFY)

BNP Paribas Financial Markets lessened its position in shares of Korn Ferry (NYSE:KFY) by 32.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,854 shares of the business services provider’s stock after selling 12,757 shares during the quarter. BNP Paribas Financial Markets’ holdings in Korn Ferry were worth $2,020,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Korn Ferry by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock worth $220,296,000 after purchasing an additional 48,993 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Korn Ferry in the third quarter valued at about $103,546,000. Jennison Associates LLC boosted its holdings in Korn Ferry by 13.2% during the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock worth $74,337,000 after buying an additional 115,523 shares during the last quarter. Thrivent Financial for Lutherans grew 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 period. Finally, Victory Capital Management Inc. increased its stake in shares of Korn Ferry by 3.6% in the 3rd quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider’s stock valued at $59,990,000 after acquiring an additional 27,773 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Stock Performance

KFY stock opened at $71.56 on Friday. Korn Ferry has a 1-year low of $52.06 and a 1-year high of $80.64. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.72 billion, a PE ratio of 15.29 and a beta of 1.56. The business’s 50-day moving average price is $74.19 and its two-hundred day moving average price is $70.73.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The business had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $675.35 million. During the same quarter in the previous year, the business posted $0.97 EPS. Korn Ferry’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, research analysts forecast that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, December 20th. Korn Ferry’s dividend payout ratio is 31.62%.

Insider Buying and Selling

In related news, insider Michael Distefano sold 5,000 shares of the stock in a transaction dated 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 directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. This trade represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the sale, the director now owns 46,180 shares in the company, valued at $3,384,994. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,201 shares of company stock worth $6,329,320 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted their price objective on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday. One investment 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.