Versor Investments LP Sells 11,043 Shares of Korn Ferry (NYSE:KFY)

Versor Investments LP cut its position in Korn Ferry (NYSE:KFY - Free Report) by 63.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,254 shares of the business services provider's stock after selling 11,043 shares during the period. Versor Investments LP's holdings in Korn Ferry were worth $471,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Korn Ferry by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider's stock worth $981,000 after buying an additional 168 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Korn Ferry by 112.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider's stock valued at $29,000 after purchasing an additional 205 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Korn Ferry by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider's stock valued at $961,000 after purchasing an additional 229 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Korn Ferry by 1.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider's stock valued at $1,144,000 after purchasing an additional 231 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its stake in shares of Korn Ferry by 4.8% in the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider's stock valued at $462,000 after purchasing an additional 283 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Korn Ferry news, insider Michael Distefano sold 5,000 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.36, for a total value of $361,800.00. Following the completion of the transaction, the insider now owns 50,954 shares of the company's stock, valued at approximately $3,687,031.44. The trade was a 8.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Burnison sold 38,726 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock worth $6,329,320 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Korn Ferry Stock Down 1.6 %

Shares of Korn Ferry stock traded down $1.26 during trading on Friday, reaching $75.23. 214,787 shares of the company traded hands, compared to its average volume of 352,477. 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. The company has a 50 day moving average price of $72.64 and a 200-day moving average price of $69.25. The firm has a market capitalization of $3.91 billion, a PE ratio of 21.85 and a beta of 1.55.

Korn Ferry (NYSE:KFY - Get Free Report) last released 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 firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business's revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 earnings per share. As a group, equities research analysts expect that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were given a dividend of $0.37 per share. 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 dividend payout ratio is presently 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.