Jane Street Group LLC Has $1.22 Million Stake in Korn Ferry (NYSE:KFY)

Jane Street Group LLC reduced its stake in Korn Ferry (NYSE:KFY) by 82.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,242 shares of the business services provider’s stock after selling 74,280 shares during the quarter. Jane Street Group LLC’s holdings in Korn Ferry were worth $1,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KFY. Arizona State Retirement System lifted its holdings in shares of Korn Ferry by 1.2% in the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after purchasing an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Korn Ferry by 112.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in Korn Ferry by 1.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock valued at $1,144,000 after acquiring an additional 231 shares in the last quarter. Simplicity Wealth LLC boosted its position in Korn Ferry by 4.8% during the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock worth $462,000 after acquiring an additional 283 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Korn Ferry by 6.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,923 shares of the business services provider’s stock worth $370,000 after acquiring an additional 294 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of the firm’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 transaction of $387,024.00. Following the completion of the sale, the director now directly owns 46,180 shares in the company, valued at $3,384,994. This trade represents a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary D. Burnison sold 16,274 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total value of $1,205,089.70. Following the completion of the transaction, the chief executive officer now directly owns 356,844 shares in the company, valued at $26,424,298.20. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,280 shares of company stock valued at $5,832,156 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Korn Ferry Stock Performance

NYSE KFY opened at $67.39 on Friday. The firm’s fifty day moving average price is $73.14 and its two-hundred day moving average price is $71.13. Korn Ferry has a 1 year low of $54.77 and a 1 year high of $80.64. The firm has a market capitalization of $3.48 billion, a P/E ratio of 14.40 and a beta of 1.56. The company has a current ratio of 2.07, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. During the same period last year, the business posted $0.97 EPS. Korn Ferry’s revenue was down 4.3% on a year-over-year basis. As a group, research analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, December 20th. Korn Ferry’s dividend payout ratio is 31.62%.

Wall Street Analyst Weigh In

Several brokerages recently commented on KFY. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial boosted their price target 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.