Principal Financial Group Inc. Acquires 14,601 Shares of Korn Ferry (NYSE:KFY)

Principal Financial Group Inc. grew its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,969 shares of the business services provider's stock after acquiring an additional 14,601 shares during the period. Principal Financial Group Inc. owned 0.52% of Korn Ferry worth $20,463,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in KFY. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 205 shares in the last quarter. CWM LLC grew its holdings in Korn Ferry by 97.3% in the second quarter. CWM LLC now owns 890 shares of the business services provider's stock worth $60,000 after purchasing an additional 439 shares during the period. GAMMA Investing LLC increased its stake in Korn Ferry by 28.2% in the second 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 in the last quarter. Quarry LP increased its stake in Korn Ferry by 149.1% in the second 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 in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Korn Ferry during the second quarter valued at about $101,000. 98.82% of the stock is owned by institutional investors.

Korn Ferry Stock Down 1.9 %

Shares of KFY traded down $1.49 during trading hours on Thursday, hitting $76.70. The stock had a trading volume of 86,359 shares, compared to its average volume of 352,513. Korn Ferry has a 1-year low of $49.95 and a 1-year high of $80.64. The firm has a market capitalization of $3.99 billion, a P/E ratio of 22.34 and a beta of 1.55. The firm has a 50 day simple moving average of $72.47 and a 200-day simple moving average of $69.20. 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 issued its earnings results 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. 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%. Korn Ferry's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. Sell-side 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 $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.93%. Korn Ferry's dividend payout ratio is presently 42.29%.

Insider Activity at Korn Ferry

In other 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 value 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 $11,672,028.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Robert P. Rozek sold 20,921 shares of the company's stock in a transaction 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 in the company, valued at approximately $11,672,028.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Burnison sold 16,274 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total value of $1,205,089.70. Following the completion of the sale, the chief executive officer now directly owns 356,844 shares of the company's stock, valued at $26,424,298.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is owned by corporate insiders.

Korn Ferry Company 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.