Korn Ferry (NYSE:KFY) Stock Holdings Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of Korn Ferry (NYSE:KFY) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,325,721 shares of the business services provider’s stock after selling 9,407 shares during the period. Allspring Global Investments Holdings LLC owned 2.57% of Korn Ferry worth $88,571,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Savant Capital LLC raised its position in Korn Ferry by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 249 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Korn Ferry by 12.3% during the 4th quarter. Empowered Funds LLC now owns 18,123 shares of the business services provider’s stock valued at $1,222,000 after purchasing an additional 1,991 shares in the last quarter. Meritage Portfolio Management lifted its stake in shares of Korn Ferry by 12.4% in the 4th quarter. Meritage Portfolio Management now owns 5,641 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 622 shares during the last quarter. ARGA Investment Management LP boosted its holdings in Korn Ferry by 17.8% in the fourth quarter. ARGA Investment Management LP now owns 26,786 shares of the business services provider’s stock worth $1,807,000 after purchasing an additional 4,041 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Korn Ferry by 8.1% during the fourth quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider’s stock worth $72,024,000 after buying an additional 79,808 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Truist Financial upped their target price on 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Korn Ferry Trading Down 2.7 %

Shares of NYSE:KFY opened at $66.32 on Thursday. 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 stock’s 50-day moving average is $68.93 and its 200-day moving average is $71.32. The company has a market cap of $3.42 billion, a P/E ratio of 14.17 and a beta of 1.57. Korn Ferry has a 52-week low of $57.80 and a 52-week high of $80.64.

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 analysts’ consensus estimates of $1.21. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $682.00 million for the quarter, compared to analyst estimates of $675.35 million. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue was down 4.3% on a year-over-year basis. Equities research analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, December 20th. Korn Ferry’s payout ratio is currently 31.62%.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 68,869 shares of the company’s stock, valued at $4,975,096.56. This represents a 22.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

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.