Artemis Investment Management LLP Sells 40,634 Shares of Korn Ferry (NYSE:KFY)

Artemis Investment Management LLP cut its position in Korn Ferry (NYSE:KFY) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 376,762 shares of the business services provider’s stock after selling 40,634 shares during the quarter. Artemis Investment Management LLP owned approximately 0.73% of Korn Ferry worth $25,413,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 205 shares during the last quarter. Quarry LP lifted its holdings in shares of Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 826 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Korn Ferry by 26.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock worth $132,000 after purchasing an additional 362 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Korn Ferry during the 2nd quarter worth $148,000. Finally, Blue Trust Inc. raised its stake in Korn Ferry by 1,083.4% in the third quarter. Blue Trust Inc. now owns 2,213 shares of the business services provider’s stock valued at $167,000 after buying an additional 2,026 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Insider Activity at Korn Ferry

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

Korn Ferry Price Performance

Shares of NYSE:KFY opened at $70.69 on Friday. Korn Ferry has a twelve month low of $55.26 and a twelve month high of $80.64. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.65 billion, a PE ratio of 15.11 and a beta of 1.57. The company’s 50 day moving average is $71.77 and its 200 day moving average is $71.19.

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, hitting the consensus estimate of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. During the same quarter last year, the company posted $0.97 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, December 20th. Korn Ferry’s dividend payout ratio (DPR) is 31.62%.

Wall Street Analysts Forecast Growth

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

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.