Korn Ferry (NYSE:KFY) Stake Reduced by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its holdings in shares of Korn Ferry (NYSE:KFY) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,949 shares of the business services provider’s stock after selling 2,900 shares during the period. Public Sector Pension Investment Board’s holdings in Korn Ferry were worth $8,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Korn Ferry by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 71,683 shares of the business services provider’s stock worth $4,715,000 after buying an additional 3,856 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Korn Ferry by 161.5% during the 1st quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider’s stock worth $4,409,000 after acquiring an additional 41,416 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Korn Ferry by 884.9% in the 1st quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider’s stock worth $5,033,000 after acquiring an additional 68,765 shares during the last quarter. Tidal Investments LLC raised its position in shares of Korn Ferry by 78.7% during the first quarter. Tidal Investments LLC now owns 7,532 shares of the business services provider’s stock worth $495,000 after purchasing an additional 3,318 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Korn Ferry by 28.2% during the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Trading Up 0.2 %

NYSE:KFY opened at $78.34 on Friday. The stock has a fifty day simple moving average of $73.87 and a 200 day simple moving average of $70.25. 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 has a market capitalization of $4.07 billion, a price-to-earnings ratio of 22.38 and a beta of 1.55. Korn Ferry has a 1-year low of $51.12 and a 1-year high of $80.64.

Korn Ferry (NYSE:KFY) last released its earnings results 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 business 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 firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. Sell-side analysts forecast that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

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

Insider Transactions at Korn Ferry

In related news, CFO Robert P. Rozek sold 20,921 shares of the stock in a transaction dated Thursday, September 19th. The stock was 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. This represents a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Distefano sold 5,000 shares of the firm’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 sale, the insider now owns 50,954 shares of the company’s stock, valued at $3,687,031.44. The trade was 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 valued at $6,329,320 over the last quarter. Company insiders own 1.40% of the company’s stock.

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.