Royce & Associates LP Sells 142,105 Shares of Korn Ferry (NYSE:KFY)

Royce & Associates LP decreased its holdings in shares of Korn Ferry (NYSE:KFY) by 14.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 815,236 shares of the business services provider’s stock after selling 142,105 shares during the period. Korn Ferry accounts for 0.6% of Royce & Associates LP’s portfolio, making the stock its 29th largest position. Royce & Associates LP’s holdings in Korn Ferry were worth $61,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KFY. Quantbot Technologies LP purchased a new stake in Korn Ferry in the first quarter worth $281,000. QRG Capital Management Inc. lifted its holdings in Korn Ferry by 3.1% during the 1st quarter. QRG Capital Management Inc. now owns 13,183 shares of the business services provider’s stock valued at $867,000 after buying an additional 391 shares in the last quarter. ProShare Advisors LLC boosted its position in Korn Ferry by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 10,529 shares of the business services provider’s stock valued at $692,000 after buying an additional 721 shares during the period. Blair William & Co. IL bought a new position in Korn Ferry in the 1st quarter worth about $3,302,000. Finally, Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 134,209 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn Ferry Stock Down 2.2 %

Shares of NYSE KFY opened at $76.49 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 $3.98 billion, a price-to-earnings ratio of 21.85 and a beta of 1.55. The stock has a 50 day moving average price of $72.64 and a 200 day moving average price of $69.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15.

Korn Ferry (NYSE:KFY) last issued 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. The business had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. Sell-side analysts expect that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. Korn Ferry’s dividend payout ratio is currently 42.29%.

Insider Transactions at Korn Ferry

In other news, insider Michael Distefano sold 5,000 shares of Korn Ferry stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value of $361,800.00. Following the transaction, the insider now owns 50,954 shares of the company’s stock, valued at $3,687,031.44. The trade was a 8.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Debra J. Perry sold 5,280 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total transaction of $387,024.00. Following the sale, the director now directly owns 46,180 shares of the company’s stock, valued at $3,384,994. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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 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.