Korn Ferry (NYSE:KFY) Holdings Decreased by Algert Global LLC

Algert Global LLC decreased its stake in Korn Ferry (NYSE:KFY - Free Report) by 69.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,973 shares of the business services provider's stock after selling 93,808 shares during the period. Algert Global LLC owned approximately 0.08% of Korn Ferry worth $3,083,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new stake in Korn Ferry in the 1st quarter worth approximately $259,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Korn Ferry by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,683 shares of the business services provider's stock worth $4,715,000 after purchasing an additional 3,856 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Korn Ferry in the 1st quarter valued at about $431,000. Janus Henderson Group PLC grew its holdings in shares of Korn Ferry by 161.5% during the 1st quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider's stock worth $4,409,000 after purchasing an additional 41,416 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Korn Ferry by 15.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 42,771 shares of the business services provider's stock worth $2,813,000 after purchasing an additional 5,683 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Trading Down 1.5 %

KFY stock traded down $1.21 during midday trading on Wednesday, reaching $78.19. 254,715 shares of the company's stock traded hands, compared to its average volume of 350,645. 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 has a fifty-two week low of $50.76 and a fifty-two week high of $80.64. The business has a 50-day moving average price of $73.71 and a two-hundred day moving average price of $70.14. The company has a market capitalization of $4.07 billion, a P/E ratio of 22.63 and a beta of 1.55.

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

Korn Ferry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. Korn Ferry's dividend payout ratio is currently 42.29%.

Insider Activity

In other news, CFO Robert P. Rozek sold 20,921 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the sale, the chief financial officer now owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Distefano sold 5,000 shares of Korn Ferry stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the completion of the sale, the insider now owns 50,954 shares of the company's stock, valued at approximately $3,687,031.44. This trade represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock worth $6,329,320 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

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.