Blue Trust Inc. Grows Stock Position in Korn Ferry (NYSE:KFY)

Blue Trust Inc. raised its stake in shares of Korn Ferry (NYSE:KFY) by 1,083.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,213 shares of the business services provider’s stock after buying an additional 2,026 shares during the period. Blue Trust Inc.’s holdings in Korn Ferry were worth $167,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. CWM LLC grew its position in shares of 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 during the period. GAMMA Investing LLC grew its position 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 period. Quarry LP grew its position 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 valued at $93,000 after acquiring an additional 826 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Korn Ferry during the 2nd quarter valued at about $101,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Insider Buying and Selling

In related news, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the sale, the chief executive officer now directly owns 273,118 shares in the company, valued at approximately $19,713,657.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the sale, the chief executive officer now directly owns 273,118 shares in the company, valued at approximately $19,713,657.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction that occurred on 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 owns 154,535 shares in the company, valued at approximately $11,672,028.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,201 shares of company stock worth $6,329,320. Insiders own 1.40% of the company’s stock.

Korn Ferry Price Performance

NYSE:KFY opened at $68.94 on Friday. Korn Ferry has a 52 week low of $44.66 and a 52 week high of $76.63. 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 stock has a market capitalization of $3.59 billion, a PE ratio of 19.70 and a beta of 1.54. The stock’s 50-day moving average price is $71.64 and its 200-day moving average price is $68.01.

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

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s payout ratio is 42.29%.

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.