Pacer Advisors Inc. Invests $103.55 Million in Korn Ferry (NYSE:KFY)

Pacer Advisors Inc. bought a new stake in Korn Ferry (NYSE:KFY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,376,209 shares of the business services provider's stock, valued at approximately $103,546,000. Pacer Advisors Inc. owned 2.65% of Korn Ferry at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KFY. EverSource Wealth Advisors LLC increased its holdings in Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider's stock worth $29,000 after purchasing an additional 205 shares in the last quarter. CWM LLC raised its position in Korn Ferry by 97.3% in the 2nd quarter. CWM LLC now owns 890 shares of the business services provider's stock valued at $60,000 after buying an additional 439 shares during the last quarter. GAMMA Investing LLC lifted its stake in Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider's stock valued at $93,000 after acquiring an additional 306 shares in the last quarter. Quarry LP boosted its holdings in Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider's stock worth $93,000 after acquiring an additional 826 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Korn Ferry in the 2nd quarter worth $101,000. 98.82% of the stock is owned by institutional investors.

Insider Activity at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of the firm's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the sale, the chief executive officer now owns 273,118 shares of the company's stock, valued at $19,713,657.24. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert P. Rozek sold 20,921 shares of the company'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 transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 86,201 shares of company stock worth $6,329,320. 1.40% of the stock is owned by company insiders.

Korn Ferry Stock Performance

Shares of Korn Ferry stock traded up $0.45 during mid-day trading on Friday, hitting $77.44. 318,786 shares of the stock were exchanged, compared to its average volume of 351,162. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $4.03 billion, a P/E ratio of 22.12 and a beta of 1.55. The company has a 50-day simple moving average of $73.44 and a 200 day simple moving average of $69.84. Korn Ferry has a 12 month low of $50.63 and a 12 month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last released its 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 firm had revenue of $682.80 million for the quarter, compared to analysts' expectations of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The company's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. Sell-side analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, September 19th. Korn Ferry's payout ratio is currently 42.29%.

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.