Olstein Capital Management L.P. Has $5.66 Million Stock Position in Korn Ferry (NYSE:KFY)

Olstein Capital Management L.P. decreased its stake in Korn Ferry (NYSE:KFY - Free Report) by 26.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,200 shares of the business services provider's stock after selling 26,800 shares during the period. Olstein Capital Management L.P. owned 0.14% of Korn Ferry worth $5,658,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider's stock worth $29,000 after buying an additional 205 shares during the period. CWM LLC increased its holdings in shares of Korn Ferry by 97.3% in the 2nd quarter. CWM LLC now owns 890 shares of the business services provider's stock worth $60,000 after acquiring an additional 439 shares during the period. GAMMA Investing LLC lifted its position in Korn Ferry by 28.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider's stock valued at $93,000 after purchasing an additional 306 shares during the last quarter. Quarry LP boosted its stake in Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider's stock valued at $93,000 after purchasing an additional 826 shares during the period. Finally, Innealta Capital LLC bought a new position in Korn Ferry in the 2nd quarter worth about $101,000. Institutional investors own 98.82% of the company's stock.

Insider Activity at Korn Ferry

In other Korn Ferry news, insider Michael Distefano sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total value of $361,800.00. Following the completion of the sale, the insider now directly owns 50,954 shares in the company, valued at $3,687,031.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Debra J. Perry sold 5,280 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the sale, the director now directly owns 46,180 shares in the company, valued at $3,384,994. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total transaction of $361,800.00. Following the sale, the insider now directly owns 50,954 shares of the company's stock, valued at approximately $3,687,031.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock worth $6,329,320 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Korn Ferry Stock Performance

Shares of KFY traded down $1.42 during mid-day trading on Thursday, reaching $77.95. 282,195 shares of the company's stock traded hands, compared to its average volume of 355,940. Korn Ferry has a 12 month low of $47.28 and a 12 month high of $79.54. The stock has a market capitalization of $4.05 billion, a P/E ratio of 22.68 and a beta of 1.55. The business's 50-day moving average price is $71.85 and its 200-day moving average price is $68.63. 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 results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $663.84 million. During the same quarter in the prior 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 predict that Korn Ferry will post 4.83 earnings per share for the current year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Thursday, September 19th. Korn Ferry's dividend payout ratio (DPR) is presently 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.