Charles Schwab Investment Management Inc. Has $59.16 Million Position in Korn Ferry (NYSE:KFY)

Charles Schwab Investment Management Inc. raised its stake in Korn Ferry (NYSE:KFY - Free Report) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 786,238 shares of the business services provider's stock after buying an additional 15,437 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.51% of Korn Ferry worth $59,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in shares of Korn Ferry by 1.2% in the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider's stock valued at $981,000 after purchasing an additional 168 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider's stock valued at $29,000 after purchasing an additional 205 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Korn Ferry by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider's stock worth $961,000 after buying an additional 229 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in Korn Ferry by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider's stock worth $1,144,000 after buying an additional 231 shares during the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Korn Ferry by 4.8% during the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider's stock worth $462,000 after buying an additional 283 shares during the last quarter. Institutional investors own 98.82% of the company's stock.

Insiders Place Their Bets

In other news, CFO Robert P. Rozek sold 20,921 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value 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. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Distefano sold 5,000 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were 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 directly owns 50,954 shares of the company's stock, valued at approximately $3,687,031.44. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock valued at $6,329,320 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Korn Ferry Stock Up 0.2 %

KFY traded up $0.15 during trading on Friday, reaching $78.34. 184,819 shares of the stock were exchanged, compared to its average volume of 349,927. The stock has a market cap of $4.07 billion, a P/E ratio of 22.38 and a beta of 1.55. Korn Ferry has a twelve month low of $51.12 and a twelve month high of $80.64. The stock's 50 day moving average price is $73.94 and its two-hundred day moving average price is $70.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15.

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, topping 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 firm had revenue of $682.80 million during the quarter, compared to analysts' expectations of $663.84 million. During the same period in the previous year, the business posted $0.99 earnings per share. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts expect that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were given a dividend of $0.37 per share. The ex-dividend date of this dividend 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 (DPR) is 42.29%.

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.