Janney Montgomery Scott LLC raised its position in Korn Ferry (NYSE:KFY - Free Report) by 80.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,042 shares of the business services provider's stock after buying an additional 6,721 shares during the quarter. Janney Montgomery Scott LLC's holdings in Korn Ferry were worth $1,132,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Arizona State Retirement System raised its position in 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 worth $981,000 after acquiring an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 period. SummerHaven Investment Management LLC boosted 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 in the last quarter. Azzad Asset Management Inc. ADV grew its position 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 period. Finally, Simplicity Wealth LLC increased its holdings in Korn Ferry by 4.8% in the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider's stock valued at $462,000 after buying an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.
Korn Ferry Price Performance
Shares of NYSE:KFY traded down $1.26 during trading on Friday, hitting $75.23. 214,817 shares of the stock were exchanged, compared to its average volume of 352,477. The company has a market cap of $3.91 billion, a PE ratio of 21.49 and a beta of 1.55. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $72.82 and a two-hundred day moving average price of $69.35. Korn Ferry has a 12-month low of $49.95 and a 12-month high of $80.64.
Korn Ferry (NYSE:KFY - Get Free Report) last posted its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The company had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. Korn Ferry's revenue was down 3.3% compared to the same quarter last year. On average, analysts forecast that Korn Ferry will post 4.84 EPS for the current year.
Korn Ferry Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were given a $0.37 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. Korn Ferry's dividend payout ratio is presently 42.29%.
Insider Transactions at Korn Ferry
In related 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 sale, the chief financial officer now owns 154,535 shares in the company, valued at approximately $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Burnison sold 16,274 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total value 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 $26,424,298.20. This trade represents a 4.36 % decrease in their ownership of the stock. 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 in the last ninety days. Corporate insiders own 1.40% of the company's stock.
Korn Ferry Company Profile
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Free Report)
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.
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