Janney Montgomery Scott LLC Boosts Stock Position in Korn Ferry (NYSE:KFY)

Janney Montgomery Scott LLC lifted its holdings in Korn Ferry (NYSE:KFY) by 80.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Korn Ferry by 1,846.0% during the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after buying an additional 841,413 shares during the period. Artemis Investment Management LLP purchased a new position in Korn Ferry during the second quarter worth $28,590,000. Blair William & Co. IL boosted its stake in Korn Ferry by 377.6% during the second quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock worth $16,102,000 after buying an additional 189,607 shares during the period. Vanguard Group Inc. boosted its stake in Korn Ferry by 2.2% during the first quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock worth $417,868,000 after buying an additional 134,209 shares during the period. Finally, Algert Global LLC boosted its stake in Korn Ferry by 418.6% during the second quarter. Algert Global LLC now owns 134,781 shares of the business services provider’s stock worth $9,049,000 after buying an additional 108,791 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Down 1.6 %

NYSE KFY opened at $75.23 on Friday. Korn Ferry has a 52 week low of $49.95 and a 52 week high of $80.64. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.49 and a beta of 1.55. The company has a fifty day moving average of $72.82 and a two-hundred day moving average of $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.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share 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 during the quarter, compared to the consensus estimate of $663.84 million. During the same period last year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts predict that Korn Ferry will post 4.84 earnings per share for the current 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. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. Korn Ferry’s payout ratio is currently 42.29%.

Insider Activity at Korn Ferry

In related news, insider Michael Distefano sold 5,000 shares of Korn Ferry stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.36, for a total value of $361,800.00. Following the completion of the sale, the insider now directly owns 50,954 shares in the company, valued at $3,687,031.44. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the sale, the chief executive officer now owns 273,118 shares of the company’s stock, valued at $19,713,657.24. The trade was a 12.42 % 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 over the last three months. 1.40% of the stock is owned by corporate insiders.

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.