Wedge Capital Management L L P NC Lowers Position in Korn Ferry (NYSE:KFY)

Wedge Capital Management L L P NC cut its holdings in Korn Ferry (NYSE:KFY - Free Report) by 11.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,225 shares of the business services provider's stock after selling 9,477 shares during the quarter. Wedge Capital Management L L P NC owned 0.14% of Korn Ferry worth $5,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Korn Ferry by 2.2% in 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 acquiring an additional 134,209 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Korn Ferry by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock valued at $220,296,000 after buying an additional 48,993 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Korn Ferry by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider's stock valued at $90,992,000 after purchasing an additional 5,261 shares during the period. Pzena Investment Management LLC boosted its position in Korn Ferry by 24.6% during the first quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider's stock worth $73,565,000 after acquiring an additional 220,564 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in 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 worth $59,553,000 after acquiring an additional 841,413 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Korn Ferry

In related news, CEO Gary D. Burnison sold 16,274 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the completion of the sale, the chief executive officer now directly owns 356,844 shares in the company, valued at $26,424,298.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 stock was sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the sale, the chief financial officer now owns 154,535 shares of the company's stock, valued at $11,672,028.55. This trade 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 the SEC website. Also, CEO Gary D. Burnison sold 16,274 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $74.05, for a total value of $1,205,089.70. Following the sale, the chief executive officer now directly owns 356,844 shares of the company's stock, valued at $26,424,298.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,921 shares of company stock valued at $5,942,296 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Korn Ferry Stock Up 0.0 %

Shares of NYSE KFY traded up $0.03 during trading on Tuesday, reaching $72.62. 247,072 shares of the stock were exchanged, compared to its average volume of 358,889. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 22.55 and a beta of 1.54. The business's 50-day moving average price is $71.25 and its 200 day moving average price is $67.68. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. Korn Ferry has a twelve month low of $44.45 and a twelve month high of $76.63.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $682.80 million during the quarter, compared to the consensus estimate 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 was down 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. As a group, equities analysts forecast that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 19th. Korn Ferry's dividend payout ratio is 45.96%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Korn Ferry currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

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.