Royce & Associates LP Has $61.34 Million Stock Position in Korn Ferry (NYSE:KFY)

Royce & Associates LP lowered its stake in Korn Ferry (NYSE:KFY - Free Report) by 14.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 815,236 shares of the business services provider's stock after selling 142,105 shares during the period. Korn Ferry makes up approximately 0.6% of Royce & Associates LP's holdings, making the stock its 29th biggest position. Royce & Associates LP owned about 1.57% of Korn Ferry worth $61,338,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. 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 purchasing an additional 841,413 shares during the period. Artemis Investment Management LLP acquired a new position in Korn Ferry in the 2nd quarter valued at $28,590,000. Blair William & Co. IL lifted its position in 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 worth $16,102,000 after acquiring an additional 189,607 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Korn Ferry by 2.2% during 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 during the period. Finally, Algert Global LLC grew its position in shares of Korn Ferry by 418.6% in the second quarter. Algert Global LLC now owns 134,781 shares of the business services provider's stock valued at $9,049,000 after purchasing an additional 108,791 shares during the last quarter. Institutional investors own 98.82% of the company's stock.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the sale, the chief executive officer now directly owns 273,118 shares of the company's stock, valued at approximately $19,713,657.24. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Debra J. Perry sold 5,280 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the sale, the director now owns 46,180 shares in the company, valued at $3,384,994. This trade represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock valued at $6,329,320 in the last quarter. Corporate insiders own 1.40% of the company's stock.

Korn Ferry Stock Performance

Shares of NYSE KFY traded down $1.26 during trading hours on Friday, hitting $75.23. 214,811 shares of the company's stock were exchanged, compared to its average volume of 352,477. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.85 and a beta of 1.55. The company's 50-day moving average price is $72.64 and its 200-day moving average price is $69.25. 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 has a 1-year low of $49.95 and a 1-year high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. On average, sell-side analysts expect that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.97%. Korn Ferry's dividend payout ratio is 42.29%.

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.