Man Group plc Sells 25,776 Shares of Korn Ferry (NYSE:KFY)

Man Group plc reduced its holdings in Korn Ferry (NYSE:KFY - Free Report) by 65.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,487 shares of the business services provider's stock after selling 25,776 shares during the period. Man Group plc's holdings in Korn Ferry were worth $910,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC boosted its stake in Korn Ferry by 129.0% in the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock valued at $18,053,000 after buying an additional 135,148 shares in the last quarter. HB Wealth Management LLC bought a new stake in Korn Ferry during the fourth quarter worth about $219,000. SG Americas Securities LLC grew its stake in Korn Ferry by 202.4% during the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider's stock worth $644,000 after buying an additional 6,393 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Korn Ferry by 3.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,571 shares of the business services provider's stock worth $1,050,000 after buying an additional 529 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Korn Ferry by 44.8% during the fourth quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock worth $216,000 after buying an additional 991 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Trading Down 1.1%

KFY stock traded down $0.76 during midday trading on Wednesday, reaching $67.93. The stock had a trading volume of 115,776 shares, compared to its average volume of 394,256. The business has a fifty day simple moving average of $64.93 and a two-hundred day simple moving average of $68.08. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 14.52 and a beta of 1.41. Korn Ferry has a twelve month low of $59.23 and a twelve month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The firm had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.83%. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial reduced their price objective on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. UBS Group reduced their price objective on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Wall Street Zen raised Korn Ferry from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

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.