MML Investors Services LLC Takes $209,000 Position in Korn Ferry (NYSE:KFY)

MML Investors Services LLC bought a new position in shares of Korn Ferry (NYSE:KFY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,772 shares of the business services provider’s stock, valued at approximately $209,000.

Several other large investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Korn Ferry by 112.0% during the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares during the period. Quarry LP boosted its stake in Korn Ferry by 149.1% during the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after buying an additional 826 shares in the last quarter. GAMMA Investing LLC increased its holdings in Korn Ferry by 26.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock valued at $132,000 after buying an additional 362 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Korn Ferry in the 2nd quarter valued at $148,000. Finally, Blue Trust Inc. lifted its holdings in shares of Korn Ferry by 1,083.4% during the 3rd 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 period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Korn Ferry

In other news, Director Debra J. Perry sold 5,280 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 of the company’s stock, valued at approximately $3,384,994. This represents a 10.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Arian sold 20,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the sale, the chief executive officer now owns 68,869 shares of the company’s stock, valued at approximately $4,975,096.56. This represents a 22.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,280 shares of company stock valued at $5,832,156 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Truist Financial increased their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Korn Ferry Trading Up 1.0 %

NYSE KFY opened at $68.26 on Friday. Korn Ferry has a 12 month low of $54.77 and a 12 month high of $80.64. The stock has a 50-day simple moving average of $73.20 and a 200 day simple moving average of $71.04. The company has a current ratio of 2.07, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.52 billion, a PE ratio of 14.59 and a beta of 1.56.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. The company had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Research analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, December 20th. Korn Ferry’s dividend payout ratio (DPR) is presently 31.62%.

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.