Empowered Funds LLC Invests $1.21 Million in Korn Ferry (NYSE:KFY)

Empowered Funds LLC purchased a new stake in Korn Ferry (NYSE:KFY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,132 shares of the business services provider's stock, valued at approximately $1,214,000.

Several other large investors also recently made changes to their positions in KFY. EverSource Wealth Advisors LLC lifted its position 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. CWM LLC lifted its holdings in shares of Korn Ferry by 97.3% in the second quarter. CWM LLC now owns 890 shares of the business services provider's stock valued at $60,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Korn Ferry by 28.2% during the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider's stock worth $93,000 after buying an additional 306 shares during the period. Quarry LP grew its holdings in shares of Korn Ferry by 149.1% during the second quarter. Quarry LP now owns 1,380 shares of the business services provider's stock worth $93,000 after buying an additional 826 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Korn Ferry in the 2nd quarter valued at approximately $101,000. Institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Up 0.6 %

NYSE:KFY traded up $0.47 during trading hours on Friday, reaching $77.45. 318,786 shares of the stock were exchanged, compared to its average volume of 263,066. The stock has a market cap of $4.03 billion, a PE ratio of 22.13 and a beta of 1.55. Korn Ferry has a twelve month low of $50.63 and a twelve month high of $80.64. The firm has a 50 day moving average of $73.44 and a 200 day moving average of $69.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business had revenue of $682.80 million during the quarter, compared to the consensus estimate of $663.84 million. During the same quarter last year, the firm earned $0.99 earnings per share. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts expect that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.91%. Korn Ferry's dividend payout ratio (DPR) is presently 42.29%.

Insider Buying and Selling at Korn Ferry

In related news, insider Michael Distefano sold 5,000 shares of the firm's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value of $361,800.00. Following the completion of the sale, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Debra J. Perry sold 5,280 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the transaction, the director now directly owns 46,180 shares in the company, valued at approximately $3,384,994. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock worth $6,329,320 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

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.