Korn Ferry (NYSE:KFY) Shares Sold by Pitcairn Co.

Pitcairn Co. lowered its position in shares of Korn Ferry (NYSE:KFY) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,307 shares of the business services provider’s stock after selling 937 shares during the quarter. Pitcairn Co.’s holdings in Korn Ferry were worth $625,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Korn Ferry by 112.0% during the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock worth $29,000 after purchasing an additional 205 shares during the last quarter. CWM LLC grew its holdings in Korn Ferry by 97.3% in the 2nd 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 period. GAMMA Investing LLC increased its stake in shares of Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 306 shares during the last quarter. Quarry LP lifted its holdings in shares of Korn Ferry by 149.1% during 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 period. Finally, Innealta Capital LLC purchased a new position in shares of Korn Ferry during the 2nd quarter worth about $101,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Korn Ferry

In related news, insider Michael Distefano sold 5,000 shares of Korn Ferry stock in a transaction 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 transaction, the insider now owns 50,954 shares in the company, valued at approximately $3,687,031.44. The trade was a 8.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert P. Rozek sold 20,921 shares of the stock in a transaction on Thursday, September 19th. The shares were 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 approximately $11,672,028.55. This represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,201 shares of company stock worth $6,329,320. 1.40% of the stock is currently owned by company insiders.

Korn Ferry Price Performance

Korn Ferry stock opened at $79.39 on Tuesday. Korn Ferry has a 1 year low of $50.63 and a 1 year high of $80.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a 50 day moving average price of $73.59 and a 200 day moving average price of $70.04. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 22.68 and a beta of 1.55.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) 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 company 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 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Sell-side analysts predict that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

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

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.