Swiss National Bank Has $7.61 Million Position in Korn Ferry (NYSE:KFY)

Swiss National Bank lowered its holdings in Korn Ferry (NYSE:KFY) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,200 shares of the business services provider’s stock after selling 1,400 shares during the quarter. Swiss National Bank owned about 0.19% of Korn Ferry worth $7,614,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KFY. Thrivent Financial for Lutherans grew its position in Korn Ferry by 1,846.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock valued at $59,553,000 after purchasing an additional 841,413 shares during the period. Artemis Investment Management LLP purchased a new position in Korn Ferry during the 2nd quarter worth $28,590,000. Blair William & Co. IL boosted its holdings in Korn Ferry by 377.6% during the 2nd quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock worth $16,102,000 after acquiring an additional 189,607 shares during the last quarter. Algert Global LLC boosted its holdings in Korn Ferry by 418.6% during the 2nd quarter. Algert Global LLC now owns 134,781 shares of the business services provider’s stock worth $9,049,000 after acquiring an additional 108,791 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Korn Ferry by 50.7% during the 2nd quarter. Millennium Management LLC now owns 310,538 shares of the business services provider’s stock worth $20,850,000 after acquiring an additional 104,447 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Transactions at Korn Ferry

In other news, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the sale, the chief executive officer now directly owns 273,118 shares in the company, valued at $19,713,657.24. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Debra J. Perry sold 5,280 shares of Korn Ferry stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the sale, the director now owns 46,180 shares in the company, valued at $3,384,994. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock worth $6,329,320 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Korn Ferry Price Performance

KFY opened at $79.39 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 22.68 and a beta of 1.55. The firm’s fifty day moving average price is $73.59 and its two-hundred day moving average price is $70.04. Korn Ferry has a 1 year low of $50.63 and a 1 year high of $80.64.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. As a group, analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s payout ratio is 42.29%.

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.