Seizert Capital Partners LLC grew its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 21.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 72,496 shares of the business services provider's stock after acquiring an additional 13,017 shares during the period. Seizert Capital Partners LLC owned about 0.14% of Korn Ferry worth $5,455,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position 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 during the last quarter. CWM LLC raised its position in shares of 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 acquiring an additional 439 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Korn Ferry by 28.2% in the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider's stock worth $93,000 after acquiring an additional 306 shares during the period. Quarry LP boosted its holdings 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 acquiring an additional 826 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Korn Ferry during the 2nd quarter valued at approximately $101,000. Institutional investors and hedge funds own 98.82% of the company's stock.
Korn Ferry Trading Down 1.6 %
Korn Ferry stock traded down $1.26 during mid-day trading on Friday, hitting $75.23. 214,817 shares of the stock were exchanged, compared to its average volume of 304,830. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.49 and a beta of 1.55. Korn Ferry has a 12 month low of $49.95 and a 12 month high of $80.64. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. The firm's fifty day simple moving average is $72.82 and its two-hundred day simple moving average is $69.41.
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 (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. During the same quarter in the previous year, the business earned $0.99 earnings per share. Korn Ferry's revenue for the quarter was down 3.3% on a year-over-year basis. Analysts forecast that Korn Ferry will post 4.84 EPS for the current year.
Korn Ferry Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 yield of 1.97%. Korn Ferry's payout ratio is currently 42.29%.
Insider Buying and Selling at Korn Ferry
In other Korn Ferry news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction on Thursday, September 19th. The shares were 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 approximately $11,672,028.55. The trade was a 11.92 % decrease in their ownership of the stock. The transaction 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 stock in a transaction dated 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 in the company, 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. Over the last three months, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is currently owned by company insiders.
About Korn Ferry
(
Free Report)
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.
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