Jennison Associates LLC Raises Stake in Korn Ferry (NYSE:KFY)

Jennison Associates LLC raised its position in Korn Ferry (NYSE:KFY) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 988,005 shares of the business services provider’s stock after purchasing an additional 115,523 shares during the period. Jennison Associates LLC owned 1.90% of Korn Ferry worth $74,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of KFY. Banque Cantonale Vaudoise lifted its holdings in Korn Ferry by 103.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,354 shares of the business services provider’s stock worth $252,000 after buying an additional 1,708 shares during the last quarter. Quest Partners LLC raised its position in shares of Korn Ferry by 79.8% during the 3rd quarter. Quest Partners LLC now owns 17,479 shares of the business services provider’s stock worth $1,315,000 after acquiring an additional 7,758 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Korn Ferry by 7.0% during the third quarter. Thrivent Financial for Lutherans now owns 949,378 shares of the business services provider’s stock worth $71,431,000 after purchasing an additional 62,385 shares during the last quarter. Seizert Capital Partners LLC increased its stake in Korn Ferry by 21.9% in the third quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider’s stock valued at $5,455,000 after purchasing an additional 13,017 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in Korn Ferry by 2.3% in the third quarter. Natixis Advisors LLC now owns 43,423 shares of the business services provider’s stock valued at $3,267,000 after purchasing an additional 986 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Stock Up 0.1 %

Shares of NYSE:KFY opened at $75.68 on Thursday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $73.18 and a 200-day simple moving average of $69.70. The company has a market capitalization of $3.94 billion, a PE ratio of 21.62 and a beta of 1.55. Korn Ferry has a twelve month low of $50.63 and a twelve month high of $80.64.

Korn Ferry (NYSE:KFY) last posted its earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $682.80 million for 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%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, equities analysts predict that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were given a $0.37 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.96%. Korn Ferry’s dividend payout ratio (DPR) is 42.29%.

Insider Buying and Selling

In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the completion of the sale, the director now directly owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. This trade represents a 10.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Distefano sold 5,000 shares of Korn Ferry stock in a transaction that occurred on Monday, September 23rd. The shares were 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 in the company, valued at $3,687,031.44. This trade represents a 8.94 % 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 worth $6,329,320 in the last 90 days. Company insiders own 1.40% of the company’s stock.

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.