Mutual of America Capital Management LLC Trims Holdings in Korn Ferry (NYSE:KFY)

Mutual of America Capital Management LLC reduced its holdings in shares of Korn Ferry (NYSE:KFY) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,715 shares of the business services provider’s stock after selling 1,025 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Korn Ferry worth $3,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in Korn Ferry by 112.0% during the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. CWM LLC grew its holdings in shares of Korn Ferry by 97.3% during the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock valued at $60,000 after buying an additional 439 shares during the last quarter. Quarry LP raised its holdings in Korn Ferry by 149.1% in the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after acquiring an additional 826 shares during the last quarter. GAMMA Investing LLC raised its holdings in Korn Ferry by 28.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after acquiring an additional 306 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Korn Ferry in the 2nd quarter valued at approximately $101,000. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Trading Up 0.6 %

Korn Ferry stock opened at $77.44 on Friday. Korn Ferry has a one year low of $50.63 and a one year high of $80.64. The business’s fifty day moving average is $73.44 and its 200 day moving average is $69.84. The stock has a market capitalization of $4.03 billion, a PE ratio of 22.12 and a beta of 1.55. 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 (NYSE:KFY) last released its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $663.84 million. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts predict that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 1.91%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s dividend payout ratio is 42.29%.

Insiders Place Their Bets

In other news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction dated 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 transaction, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at $11,672,028.55. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary D. Burnison sold 38,726 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the completion of the transaction, the chief executive officer now owns 273,118 shares of the company’s stock, valued at approximately $19,713,657.24. The trade was a 12.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,201 shares of company stock valued at $6,329,320. 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.