Jennison Associates LLC raised its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 988,005 shares of the business services provider's stock after acquiring an additional 115,523 shares during the period. Jennison Associates LLC owned approximately 1.90% of Korn Ferry worth $74,337,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of KFY. Thrivent Financial for Lutherans boosted its stake in shares of Korn Ferry by 1,846.0% during the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider's stock valued at $59,553,000 after purchasing an additional 841,413 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of Korn Ferry during the second quarter valued at $28,590,000. Blair William & Co. IL boosted its stake in shares of Korn Ferry by 377.6% during the second quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider's stock valued at $16,102,000 after purchasing an additional 189,607 shares during the period. Vanguard Group Inc. boosted its stake in shares of Korn Ferry by 2.2% during the first quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider's stock valued at $417,868,000 after purchasing an additional 134,209 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Korn Ferry by 418.6% during the second quarter. Algert Global LLC now owns 134,781 shares of the business services provider's stock valued at $9,049,000 after purchasing an additional 108,791 shares during the period. Institutional investors own 98.82% of the company's stock.
Insider Buying and Selling
In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the transaction, the chief executive officer now directly owns 273,118 shares in the company, valued at approximately $19,713,657.24. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Distefano sold 5,000 shares of the company'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 transaction, the insider now owns 50,954 shares in the company, 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 a total of 86,201 shares of company stock valued at $6,329,320 over the last three months. 1.40% of the stock is owned by company insiders.
Korn Ferry Trading Up 1.7 %
Shares of KFY traded up $1.31 during trading hours on Thursday, reaching $76.98. 239,996 shares of the company traded hands, compared to its average volume of 351,305. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 21.99 and a beta of 1.55. Korn Ferry has a 12-month low of $50.63 and a 12-month high of $80.64. 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 stock's fifty day moving average price is $73.33 and its 200 day moving average price is $69.75.
Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share 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 company had revenue of $682.80 million during the quarter, compared to analyst estimates of $663.84 million. During the same period in the prior year, the firm earned $0.99 earnings per share. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. Sell-side analysts forecast that Korn Ferry will post 4.84 earnings per share for the current year.
Korn Ferry Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, September 19th. Korn Ferry's dividend payout ratio (DPR) is presently 42.29%.
About Korn Ferry
(
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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