Diversify Advisory Services LLC Increases Stock Position in Korn Ferry (NYSE:KFY)

Diversify Advisory Services LLC raised its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 40.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,081 shares of the business services provider's stock after buying an additional 7,176 shares during the period. Diversify Advisory Services LLC's holdings in Korn Ferry were worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KFY. Thrivent Financial for Lutherans increased its holdings in Korn Ferry by 1,846.0% in 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 buying an additional 841,413 shares in the last quarter. Jennison Associates LLC acquired a new position in Korn Ferry in the 1st quarter valued at $52,948,000. Artemis Investment Management LLP purchased a new position in shares of Korn Ferry in the second quarter valued at $28,590,000. Pzena Investment Management LLC lifted its holdings in Korn Ferry by 24.6% in the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider's stock valued at $73,565,000 after purchasing an additional 220,564 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Korn Ferry by 377.6% during the 2nd quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider's stock valued at $16,102,000 after acquiring an additional 189,607 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Stock Up 0.3 %

Korn Ferry stock traded up $0.23 during midday trading on Wednesday, hitting $70.91. 121,961 shares of the company were exchanged, compared to its average volume of 356,641. The company's fifty day moving average price is $71.68 and its 200-day moving average price is $68.16. The company has a market cap of $3.69 billion, a PE ratio of 20.19 and a beta of 1.54. Korn Ferry has a fifty-two week low of $44.80 and a fifty-two week high of $76.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15.

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. The company had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The business's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. On average, research analysts predict that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry's payout ratio is presently 42.29%.

Insider Buying and Selling

In other news, CFO Robert P. Rozek sold 20,921 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 154,535 shares in the company, valued at $11,672,028.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Robert P. Rozek sold 20,921 shares of the 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 directly owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Burnison sold 16,274 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the transaction, the chief executive officer now directly owns 356,844 shares of the company's stock, valued at approximately $26,424,298.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,201 shares of company stock valued at $6,329,320. Insiders own 1.40% of the company's stock.

Korn Ferry 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.