Hotchkis & Wiley Capital Management LLC Has $21.68 Million Position in Korn Ferry (NYSE:KFY)

Hotchkis & Wiley Capital Management LLC reduced its position in Korn Ferry (NYSE:KFY - Free Report) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 288,179 shares of the business services provider's stock after selling 8,300 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.55% of Korn Ferry worth $21,683,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Korn Ferry by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock worth $220,296,000 after purchasing an additional 48,993 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Korn Ferry during the third quarter valued at approximately $103,546,000. Jennison Associates LLC raised its holdings in shares of Korn Ferry by 13.2% during the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider's stock valued at $74,337,000 after buying an additional 115,523 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Korn Ferry by 7.0% during the third quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider's stock worth $71,431,000 after purchasing an additional 62,385 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Korn Ferry by 3.6% during the third quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider's stock worth $59,990,000 after purchasing an additional 27,773 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Insider Activity

In other news, CEO Gary D. Burnison sold 16,274 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the completion of the transaction, the chief executive officer now owns 356,844 shares of the company's stock, valued at approximately $26,424,298.20. This represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Debra J. Perry sold 5,280 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total transaction of $387,024.00. Following the completion of the sale, the director now directly owns 46,180 shares in the company, valued at approximately $3,384,994. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,201 shares of company stock valued at $6,329,320. Insiders own 1.40% of the company's stock.

Korn Ferry Price Performance

Shares of NYSE KFY traded up $0.69 during trading on Wednesday, hitting $78.65. The company had a trading volume of 397,261 shares, compared to its average volume of 350,283. The company has a market cap of $4.09 billion, a P/E ratio of 22.30 and a beta of 1.56. Korn Ferry has a 52 week low of $51.62 and a 52 week high of $80.64. The business's 50-day moving average is $74.12 and its 200 day moving average is $70.59. 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 posted its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $663.84 million. During the same period in the previous year, the company posted $0.99 EPS. Korn Ferry's revenue was down 3.3% on a year-over-year basis. Equities research analysts predict that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

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.