Creative Planning Has $1.72 Million Stock Position in Korn Ferry (NYSE:KFY)

Creative Planning lifted its stake in shares of Korn Ferry (NYSE:KFY) by 35.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,903 shares of the business services provider’s stock after buying an additional 5,953 shares during the period. Creative Planning’s holdings in Korn Ferry were worth $1,723,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Simplicity Wealth LLC increased its stake in shares of Korn Ferry by 4.8% in the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after buying an additional 283 shares during the period. CWM LLC grew its holdings in Korn Ferry by 153.9% during the 3rd quarter. CWM LLC now owns 2,260 shares of the business services provider’s stock worth $170,000 after acquiring an additional 1,370 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Korn Ferry by 1.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock valued at $1,144,000 after acquiring an additional 231 shares during the period. GAMMA Investing LLC raised its stake in shares of Korn Ferry by 26.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock valued at $132,000 after acquiring an additional 362 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Korn Ferry during the third quarter worth $238,000. 98.82% of the stock is currently owned by institutional investors.

Insider Activity at Korn Ferry

In other news, CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction dated 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 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry 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 in the company, valued at $11,672,028.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Distefano sold 5,000 shares of the business’s 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 $3,687,031.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,201 shares of company stock worth $6,329,320 over the last quarter. Company insiders own 1.40% of the company’s stock.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $70.68 on Wednesday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 20.19 and a beta of 1.54. 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 has a twelve month low of $44.66 and a twelve month high of $76.63. The company’s fifty day moving average is $71.68 and its 200 day moving average is $68.16.

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. 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 analysts’ expectations of $663.84 million. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Sell-side analysts forecast that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s dividend payout ratio is presently 42.29%.

About Korn Ferry

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.