Isthmus Partners LLC Trims Stake in Korn Ferry (NYSE:KFY)

Isthmus Partners LLC lessened its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 19.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,646 shares of the business services provider's stock after selling 12,241 shares during the quarter. Isthmus Partners LLC owned about 0.10% of Korn Ferry worth $3,735,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of KFY. Dimensional Fund Advisors LP raised its stake in shares of Korn Ferry by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock valued at $220,296,000 after purchasing an additional 48,993 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Korn Ferry during the third quarter valued at about $103,546,000. Jennison Associates LLC lifted its holdings in shares of Korn Ferry by 13.2% in the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider's stock worth $74,337,000 after buying an additional 115,523 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Korn Ferry by 7.0% in the third quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider's stock valued at $71,431,000 after acquiring an additional 62,385 shares during the period. Finally, Victory Capital Management Inc. grew its stake 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 valued at $59,990,000 after acquiring an additional 27,773 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Price Performance

NYSE:KFY traded up $0.15 during trading hours on Friday, hitting $78.34. 184,819 shares of the company's stock traded hands, compared to its average volume of 349,927. The firm has a market cap of $4.07 billion, a P/E ratio of 22.48 and a beta of 1.55. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. The business's fifty day simple moving average is $73.87 and its two-hundred day simple moving average is $70.25. Korn Ferry has a 52 week low of $51.12 and a 52 week high of $80.64.

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

Korn Ferry Dividend Announcement

The firm also recently declared 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. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, September 19th. Korn Ferry's payout ratio is currently 42.29%.

Insiders Place Their Bets

In related news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction on 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 transaction, the chief financial officer now directly owns 154,535 shares of the company's stock, valued at $11,672,028.55. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Debra J. Perry sold 5,280 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total transaction of $387,024.00. Following the sale, the director now directly owns 46,180 shares of the company's stock, valued at $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 ninety days, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is currently owned by corporate insiders.

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.