New York State Teachers Retirement System Sells 800 Shares of Korn Ferry (NYSE:KFY)

New York State Teachers Retirement System cut its holdings in shares of Korn Ferry (NYSE:KFY) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 92,116 shares of the business services provider’s stock after selling 800 shares during the period. New York State Teachers Retirement System’s holdings in Korn Ferry were worth $6,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 205 shares during the period. CWM LLC lifted its position in Korn Ferry by 97.3% during the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock worth $60,000 after purchasing an additional 439 shares during the period. GAMMA Investing LLC lifted its position in Korn Ferry by 28.2% during the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after purchasing an additional 306 shares during the period. Quarry LP grew its stake in Korn Ferry by 149.1% during the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after buying an additional 826 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Korn Ferry in the 2nd quarter valued at about $101,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 16,274 shares of the company’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 value of $1,205,089.70. Following the completion of the transaction, the chief executive officer now directly owns 356,844 shares in the company, valued at approximately $26,424,298.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Korn Ferry news, CEO Gary D. Burnison sold 16,274 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $74.05, for a total value 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. 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 link. Also, Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the transaction, the director now owns 46,180 shares of the company’s stock, valued at $3,384,994. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock worth $6,329,320 in the last quarter. 1.40% of the stock is owned by insiders.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $71.74 on Tuesday. The company has a 50 day moving average of $71.66 and a 200-day moving average of $68.38. The company has a market cap of $3.73 billion, a PE ratio of 20.50 and a beta of 1.55. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. Korn Ferry has a 1-year low of $47.28 and a 1-year high of $76.63.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping 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 company had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. During the same quarter in the previous year, the firm earned $0.99 EPS. Korn Ferry’s revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Korn Ferry will post 4.83 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s dividend payout ratio (DPR) is currently 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.