Versor Investments LP Sells 11,043 Shares of Korn Ferry (NYSE:KFY)

Versor Investments LP cut its position in shares of Korn Ferry (NYSE:KFY) by 63.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,254 shares of the business services provider’s stock after selling 11,043 shares during the quarter. Versor Investments LP’s holdings in Korn Ferry were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Korn Ferry by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock worth $417,868,000 after buying an additional 134,209 shares during the period. Dimensional Fund Advisors LP grew its holdings in Korn Ferry by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock worth $220,296,000 after purchasing an additional 48,993 shares during the period. Thrivent Financial for Lutherans increased its stake 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 purchasing an additional 841,413 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Korn Ferry during the second quarter valued at approximately $28,590,000. Finally, Tributary Capital Management LLC boosted its position in shares of Korn Ferry by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 355,690 shares of the business services provider’s stock worth $23,881,000 after purchasing an additional 1,046 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Down 2.2 %

KFY stock opened at $76.49 on Friday. The business has a 50 day moving average of $72.64 and a 200 day moving average of $69.25. The firm has a market cap of $3.98 billion, a PE ratio of 21.85 and a beta of 1.55. Korn Ferry has a twelve month low of $49.95 and a twelve month 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.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results 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. The firm had revenue of $682.80 million during the quarter, compared to the consensus estimate of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. On average, research analysts forecast that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s payout ratio is 42.29%.

Insider Activity at Korn Ferry

In other news, insider Michael Distefano sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.36, for a total transaction 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. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Debra J. Perry sold 5,280 shares of Korn Ferry 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 owns 46,180 shares of the company’s stock, 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 86,201 shares of company stock valued at $6,329,320 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

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.