Janney Montgomery Scott LLC Increases Stake in Korn Ferry (NYSE:KFY)

Janney Montgomery Scott LLC boosted its position in shares of Korn Ferry (NYSE:KFY) by 80.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,042 shares of the business services provider’s stock after purchasing an additional 6,721 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Korn Ferry were worth $1,132,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in Korn Ferry by 161.5% during the 1st quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider’s stock valued at $4,409,000 after purchasing an additional 41,416 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Korn Ferry during the 1st quarter valued at about $815,000. Diversify Advisory Services LLC purchased a new stake in Korn Ferry during the 2nd quarter valued at about $1,158,000. Jane Street Group LLC grew its position in Korn Ferry by 884.9% during the 1st quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider’s stock valued at $5,033,000 after purchasing an additional 68,765 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Korn Ferry by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after acquiring an additional 134,209 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Performance

Shares of NYSE KFY opened at $75.23 on Friday. The firm’s 50-day moving average price is $72.82 and its 200-day moving average price is $69.35. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.91 billion, a PE ratio of 21.49 and a beta of 1.55. Korn Ferry has a 52-week low of $49.95 and a 52-week high of $80.64.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. As a group, analysts anticipate that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Announces Dividend

The firm 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 1.97%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s dividend payout ratio (DPR) is presently 42.29%.

Insider Transactions at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 16,274 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the sale, the chief executive officer now owns 356,844 shares in the company, valued at approximately $26,424,298.20. This trade represents a 4.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Distefano sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 in the company, valued at approximately $3,687,031.44. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock worth $6,329,320 in the last quarter. Company insiders own 1.40% of the company’s stock.

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.