Trust Point Inc. Sells 6,849 Shares of Korn Ferry (NYSE:KFY)

Trust Point Inc. lessened its stake in shares of Korn Ferry (NYSE:KFY) by 41.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,742 shares of the business services provider’s stock after selling 6,849 shares during the quarter. Trust Point Inc.’s holdings in Korn Ferry were worth $657,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Korn Ferry by 26.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock worth $132,000 after acquiring an additional 362 shares in the last quarter. Blue Trust Inc. grew its position in Korn Ferry by 1,083.4% in the 3rd quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 2,026 shares during the period. CWM LLC increased its stake in Korn Ferry by 153.9% during the 3rd quarter. CWM LLC now owns 2,260 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 1,370 shares in the last quarter. KBC Group NV raised its holdings in Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock worth $171,000 after buying an additional 1,033 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of Korn Ferry in the fourth quarter valued at $201,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the sale, the chief executive officer now directly owns 68,869 shares of the company’s stock, valued at $4,975,096.56. This trade represents a 22.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by insiders.

Korn Ferry Stock Down 0.4 %

Korn Ferry stock opened at $69.81 on Wednesday. Korn Ferry has a fifty-two week low of $57.80 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s 50-day simple moving average is $70.20 and its 200 day simple moving average is $71.46. The stock has a market cap of $3.60 billion, a PE ratio of 14.92 and a beta of 1.57.

Korn Ferry (NYSE:KFY) last released 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. The company had revenue of $682.00 million during the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. Korn Ferry’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. Research analysts predict that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.12%. Korn Ferry’s payout ratio is currently 31.62%.

Analyst Upgrades and Downgrades

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