Swiss National Bank Sells 1,400 Shares of Korn Ferry (NYSE:KFY)

Swiss National Bank cut its stake in shares of Korn Ferry (NYSE:KFY) by 1.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 101,200 shares of the business services provider’s stock after selling 1,400 shares during the period. Swiss National Bank’s holdings in Korn Ferry were worth $7,614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KFY. Thrivent Financial for Lutherans increased its position in shares of Korn Ferry by 1,846.0% during the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock valued at $59,553,000 after buying an additional 841,413 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Korn Ferry during the second quarter valued at about $28,590,000. Blair William & Co. IL increased its position in shares of Korn Ferry by 377.6% during the second quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock valued at $16,102,000 after buying an additional 189,607 shares during the period. Algert Global LLC increased its position in shares of Korn Ferry by 418.6% during the second quarter. Algert Global LLC now owns 134,781 shares of the business services provider’s stock valued at $9,049,000 after buying an additional 108,791 shares during the period. Finally, Millennium Management LLC increased its position in shares of Korn Ferry by 50.7% during the second quarter. Millennium Management LLC now owns 310,538 shares of the business services provider’s stock valued at $20,850,000 after buying an additional 104,447 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Stock Up 2.5 %

Shares of NYSE KFY opened at $79.39 on Tuesday. Korn Ferry has a 12 month low of $50.63 and a 12 month high of $80.64. 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 market capitalization of $4.13 billion, a price-to-earnings ratio of 22.68 and a beta of 1.55. The business has a 50-day moving average of $73.59 and a 200-day moving average of $70.04.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The company had revenue of $682.80 million during the quarter, compared to analyst estimates of $663.84 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Korn Ferry’s revenue was down 3.3% on a year-over-year basis. Sell-side analysts expect that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s payout ratio is 42.29%.

Insider Transactions at Korn Ferry

In other Korn Ferry news, CFO Robert P. Rozek sold 20,921 shares of the company’s stock in a transaction that occurred on 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 owns 154,535 shares of the company’s stock, valued at $11,672,028.55. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary D. Burnison sold 16,274 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $74.05, for a total value of $1,205,089.70. Following the completion of the sale, the chief executive officer now directly owns 356,844 shares of the company’s stock, valued at approximately $26,424,298.20. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is owned by corporate insiders.

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.