Verition Fund Management LLC Purchases 61,389 Shares of Korn Ferry (NYSE:KFY)

Verition Fund Management LLC increased its position in Korn Ferry (NYSE:KFY - Free Report) by 880.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,358 shares of the business services provider's stock after purchasing an additional 61,389 shares during the quarter. Verition Fund Management LLC owned approximately 0.13% of Korn Ferry worth $5,143,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 48,993 shares during the period. Pacer Advisors Inc. acquired a new stake in Korn Ferry during the third quarter valued at approximately $103,546,000. Jennison Associates LLC grew its stake in shares of Korn Ferry by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider's stock valued at $74,337,000 after purchasing an additional 115,523 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Korn Ferry by 7.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider's stock worth $71,431,000 after buying an additional 62,385 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Korn Ferry by 3.6% during the 3rd quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider's stock worth $59,990,000 after buying an additional 27,773 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Insider Buying and Selling at Korn Ferry

In other news, CEO Gary D. Burnison sold 38,726 shares of the firm's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total value of $2,795,242.68. Following the transaction, the chief executive officer now owns 273,118 shares of the company's stock, valued at approximately $19,713,657.24. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,201 shares of company stock worth $6,329,320. 1.40% of the stock is currently owned by corporate insiders.

Korn Ferry Price Performance

NYSE:KFY traded down $0.56 during trading hours on Tuesday, reaching $78.04. The company had a trading volume of 335,640 shares, compared to its average volume of 350,020. 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 stock has a 50-day moving average of $74.03 and a two-hundred day moving average of $70.50. Korn Ferry has a one year low of $51.62 and a one year high of $80.64. The firm has a market capitalization of $4.06 billion, a PE ratio of 22.27 and a beta of 1.56.

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, topping the consensus estimate of $1.12 by $0.06. The company 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 last year, the business posted $0.99 earnings per share. Analysts forecast that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were given 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 1.90%. Korn Ferry's dividend payout ratio (DPR) is 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.