Algert Global LLC Sells 93,808 Shares of Korn Ferry (NYSE:KFY)

Algert Global LLC reduced its holdings in Korn Ferry (NYSE:KFY) by 69.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,973 shares of the business services provider’s stock after selling 93,808 shares during the period. Algert Global LLC’s holdings in Korn Ferry were worth $3,083,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Citigroup Inc. grew its position in Korn Ferry by 88.1% in the third quarter. Citigroup Inc. now owns 69,185 shares of the business services provider’s stock worth $5,205,000 after acquiring an additional 32,403 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Korn Ferry by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 786,238 shares of the business services provider’s stock worth $59,157,000 after purchasing an additional 15,437 shares during the period. Pacer Advisors Inc. bought a new position in shares of Korn Ferry during the 3rd quarter valued at approximately $103,546,000. Intech Investment Management LLC raised its holdings in Korn Ferry by 18.4% during the 3rd quarter. Intech Investment Management LLC now owns 25,894 shares of the business services provider’s stock valued at $1,948,000 after buying an additional 4,021 shares during the period. Finally, Jennison Associates LLC lifted its position in Korn Ferry by 13.2% in the third quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock worth $74,337,000 after buying an additional 115,523 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 16,274 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 356,844 shares of the company’s stock, valued at $26,424,298.20. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Distefano sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the transaction, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. This trade represents a 8.94 % 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 valued at $6,329,320 in the last quarter. 1.40% of the stock is owned by insiders.

Korn Ferry Trading Up 0.2 %

KFY stock opened at $79.46 on Wednesday. Korn Ferry has a twelve month low of $50.63 and a twelve month high of $80.64. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 22.69 and a beta of 1.55. 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 firm’s fifty day simple moving average is $73.59 and its two-hundred day simple moving average is $70.04.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The company 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 firm’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. As a group, analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

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