Korn Ferry (NYSE:KFY) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 65.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,431 shares of the business services provider's stock after selling 58,297 shares during the period. Segall Bryant & Hamill LLC owned about 0.06% of Korn Ferry worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Korn Ferry by 2.2% in 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 purchasing an additional 134,209 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Korn Ferry by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock valued at $220,296,000 after purchasing an additional 48,993 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Korn Ferry by 7.0% in the third quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider's stock valued at $71,431,000 after purchasing an additional 62,385 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Korn Ferry by 3.6% in the third quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider's stock valued at $59,990,000 after purchasing an additional 27,773 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Korn Ferry in the second quarter valued at about $28,590,000. Hedge funds and other institutional investors own 98.82% of the company's stock.

Insider Activity

In related news, CEO Gary D. Burnison sold 38,726 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the completion of the transaction, the chief executive officer now owns 273,118 shares of the company's stock, valued at approximately $19,713,657.24. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Distefano sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the transaction, the insider now directly owns 50,954 shares of the company's stock, valued at $3,687,031.44. This trade represents a 8.94 % decrease in their position. 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 over the last 90 days. Insiders own 1.40% of the company's stock.

Korn Ferry Price Performance

Shares of NYSE KFY traded up $0.47 on Friday, hitting $77.45. The company's stock had a trading volume of 318,786 shares, compared to its average volume of 263,066. Korn Ferry has a 12-month low of $50.63 and a 12-month high of $80.64. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 22.13 and a beta of 1.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a 50 day moving average of $73.44 and a 200-day moving average of $69.89.

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 analysts' consensus estimates of $1.12 by $0.06. The business had revenue of $682.80 million during the quarter, compared to analyst estimates of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The company's revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, research analysts predict that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were given 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 dividend payout ratio is presently 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.