Hotchkis & Wiley Capital Management LLC Sells 8,300 Shares of Korn Ferry (NYSE:KFY)

Hotchkis & Wiley Capital Management LLC reduced its stake in Korn Ferry (NYSE:KFY) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,179 shares of the business services provider’s stock after selling 8,300 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Korn Ferry were worth $21,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in shares of Korn Ferry by 17.3% in the third quarter. HighTower Advisors LLC now owns 5,430 shares of the business services provider’s stock valued at $407,000 after purchasing an additional 800 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Korn Ferry in the 3rd quarter valued at approximately $6,480,000. Verition Fund Management LLC lifted its stake in Korn Ferry by 880.9% in the 3rd quarter. Verition Fund Management LLC now owns 68,358 shares of the business services provider’s stock valued at $5,143,000 after acquiring an additional 61,389 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Korn Ferry by 25.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 387,513 shares of the business services provider’s stock worth $29,156,000 after acquiring an additional 79,059 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Korn Ferry by 3.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider’s stock worth $861,000 after acquiring an additional 433 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 46,180 shares in the company, valued at approximately $3,384,994. The trade was a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the sale, the chief financial officer now directly owns 154,535 shares in the company, valued at $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,201 shares of company stock worth $6,329,320. Corporate insiders own 1.40% of the company’s stock.

Korn Ferry Price Performance

NYSE KFY opened at $78.04 on Wednesday. The firm’s 50 day moving average is $74.03 and its 200-day moving average is $70.50. 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 capitalization of $4.06 billion, a PE ratio of 22.27 and a beta of 1.56. Korn Ferry has a 12-month low of $51.62 and a 12-month high of $80.64.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $663.84 million. During the same period in the previous year, the business earned $0.99 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

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.