Intech Investment Management LLC Grows Stock Position in Korn Ferry (NYSE:KFY)

Intech Investment Management LLC increased its position in shares of Korn Ferry (NYSE:KFY) by 18.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,894 shares of the business services provider’s stock after purchasing an additional 4,021 shares during the quarter. Intech Investment Management LLC’s holdings in Korn Ferry were worth $1,948,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew 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 buying an additional 205 shares in the last quarter. CWM LLC grew its stake in Korn Ferry by 97.3% during the 2nd quarter. CWM LLC now owns 890 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 439 shares in 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 valued at $93,000 after acquiring an additional 826 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 306 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Korn Ferry during the 2nd quarter worth approximately $101,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Korn Ferry

In related news, CFO Robert P. Rozek sold 20,921 shares of the firm’s 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 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 trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were 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 in the company, valued at approximately $3,384,994. This trade 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 worth $6,329,320 in the last 90 days. Insiders own 1.40% of the company’s stock.

Korn Ferry Price Performance

KFY stock opened at $77.45 on Monday. 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 current ratio of 2.15 and a quick ratio of 2.15. The firm has a market capitalization of $4.03 billion, a PE ratio of 22.13 and a beta of 1.55. The business has a 50 day simple moving average of $73.44 and a 200-day simple moving average of $69.93.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results 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 business had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. During the same quarter in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that Korn Ferry will post 4.84 earnings per share 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. The ex-dividend date was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.91%. 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.