Korn Ferry (NYSE:KFY) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its position in Korn Ferry (NYSE:KFY) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,949 shares of the business services provider’s stock after selling 2,900 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Korn Ferry worth $8,423,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KFY. Arizona State Retirement System increased its position in shares of Korn Ferry by 1.2% in the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock worth $981,000 after acquiring an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in 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 in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Korn Ferry by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after buying an additional 229 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in Korn Ferry by 1.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock worth $1,144,000 after acquiring an additional 231 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in Korn Ferry by 4.8% in the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock worth $462,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Stock Up 0.2 %

Shares of NYSE:KFY opened at $78.34 on Friday. The company has a 50 day moving average of $73.87 and a two-hundred day moving average of $70.25. Korn Ferry has a 52-week low of $51.12 and a 52-week 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 company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 22.38 and a beta of 1.55.

Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $663.84 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, analysts forecast that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s dividend payout ratio is currently 42.29%.

Insider Buying and Selling at Korn Ferry

In other news, insider Michael Distefano sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total transaction of $361,800.00. Following the completion of the sale, the insider now owns 50,954 shares of the company’s stock, valued at approximately $3,687,031.44. This trade represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Debra J. Perry sold 5,280 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were 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 in the company, valued at $3,384,994. This represents a 10.26 % 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. 1.40% of the stock is owned by corporate insiders.

Korn Ferry Company 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.