Bridgewater Associates LP Sells 1,584 Shares of Korn Ferry (NYSE:KFY)

Bridgewater Associates LP cut its position in shares of Korn Ferry (NYSE:KFY) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,649 shares of the business services provider’s stock after selling 1,584 shares during the period. Bridgewater Associates LP’s holdings in Korn Ferry were worth $1,779,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares during the last quarter. CWM LLC grew its position in Korn Ferry by 97.3% during the 2nd quarter. CWM LLC now owns 890 shares of the business services provider’s stock worth $60,000 after acquiring an additional 439 shares during the last quarter. GAMMA Investing LLC grew its position in Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after acquiring an additional 306 shares during the last quarter. Quarry LP grew its position in Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after acquiring an additional 826 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Korn Ferry during the 2nd quarter worth approximately $101,000. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Trading Up 0.2 %

NYSE KFY opened at $78.34 on Monday. Korn Ferry has a fifty-two week low of $51.12 and a fifty-two week high of $80.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a 50 day simple moving average of $73.94 and a two-hundred day simple moving average of $70.39. The stock has a market cap of $4.07 billion, a P/E ratio of 22.38 and a beta of 1.55.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data 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 analysts’ expectations of $663.84 million. During the same quarter last year, the business posted $0.99 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, analysts forecast that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s payout ratio is presently 42.29%.

Insider Activity

In other news, CFO Robert P. Rozek sold 20,921 shares of the firm’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 completion of the transaction, the chief financial officer now owns 154,535 shares in the company, valued at $11,672,028.55. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the transaction, the director now owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. The trade was a 10.26 % decrease in their position. 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 company 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.