Korn Ferry (NYSE:KFY) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its stake in Korn Ferry (NYSE:KFY - Free Report) by 79.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,479 shares of the business services provider's stock after acquiring an additional 7,758 shares during the quarter. Quest Partners LLC's holdings in Korn Ferry were worth $1,315,000 at the end of the most recent quarter.

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

Insider Activity at Korn Ferry

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 sale, the chief financial officer now directly owns 154,535 shares in the company, valued at $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Debra J. Perry sold 5,280 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the transaction, the director now owns 46,180 shares in the company, valued at approximately $3,384,994. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 86,201 shares of company stock worth $6,329,320. Corporate insiders own 1.40% of the company's stock.

Korn Ferry Trading Up 0.1 %

Korn Ferry stock traded up $0.11 during trading on Wednesday, reaching $75.68. The company had a trading volume of 446,895 shares, compared to its average volume of 351,800. 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 firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 21.60 and a beta of 1.55. Korn Ferry has a 12-month low of $50.63 and a 12-month high of $80.64. The stock's 50 day moving average price is $73.05 and its two-hundred day moving average price is $69.65.

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

Korn Ferry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.96%. Korn Ferry's dividend payout ratio is currently 42.29%.

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.