Louisiana State Employees Retirement System Sells 800 Shares of Korn Ferry (NYSE:KFY)

Louisiana State Employees Retirement System reduced its stake in Korn Ferry (NYSE:KFY) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,500 shares of the business services provider’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Korn Ferry were worth $1,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KFY. Azzad Asset Management Inc. ADV increased its holdings in Korn Ferry by 2.5% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 14,548 shares of the business services provider’s stock valued at $957,000 after acquiring an additional 360 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Korn Ferry by 100.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,850 shares of the business services provider’s stock valued at $714,000 after acquiring an additional 5,441 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Korn Ferry by 72.7% in the 1st quarter. BNP Paribas Financial Markets now owns 26,229 shares of the business services provider’s stock worth $1,725,000 after buying an additional 11,039 shares during the last quarter. Capstone Investment Advisors LLC increased its holdings in shares of Korn Ferry by 380.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 30,023 shares of the business services provider’s stock worth $1,974,000 after buying an additional 23,768 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Korn Ferry in the 1st quarter worth about $52,948,000. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Stock Performance

Korn Ferry stock opened at $70.89 on Thursday. The company’s 50-day moving average price is $71.68 and its 200-day moving average price is $68.18. Korn Ferry has a twelve month low of $44.80 and a twelve month 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 company has a market cap of $3.69 billion, a PE ratio of 20.25 and a beta of 1.54.

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

Korn Ferry Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.09%. Korn Ferry’s dividend payout ratio is presently 42.29%.

Insider Buying and Selling

In related news, Director Debra J. Perry sold 5,280 shares of Korn Ferry 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 transaction, the director now directly owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Debra J. Perry sold 5,280 shares of Korn Ferry 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 transaction, the director now directly owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,795,242.68. Following the transaction, the chief executive officer now directly owns 273,118 shares of the company’s stock, valued at approximately $19,713,657.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,201 shares of company stock valued at $6,329,320. Company insiders own 1.40% of the company’s stock.

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.