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

Bridgewater Associates LP lessened its holdings in Korn Ferry (NYSE:KFY) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,649 shares of the business services provider’s stock after selling 1,584 shares during the quarter. Bridgewater Associates LP’s holdings in Korn Ferry were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KFY. Price T Rowe Associates Inc. MD grew its stake in Korn Ferry by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,683 shares of the business services provider’s stock valued at $4,715,000 after purchasing an additional 3,856 shares during the period. Janus Henderson Group PLC grew its stake in Korn Ferry by 161.5% in the 1st quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider’s stock valued at $4,409,000 after purchasing an additional 41,416 shares during the period. Jane Street Group LLC grew its stake in Korn Ferry by 884.9% in the 1st quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider’s stock valued at $5,033,000 after purchasing an additional 68,765 shares during the period. Tidal Investments LLC lifted its position in shares of Korn Ferry by 78.7% during the 1st quarter. Tidal Investments LLC now owns 7,532 shares of the business services provider’s stock valued at $495,000 after buying an additional 3,318 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after buying an additional 306 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Insider Buying and Selling

In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,384,994. This trade represents a 10.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Distefano sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value of $361,800.00. Following the completion of the sale, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,201 shares of company stock valued at $6,329,320. Corporate insiders own 1.40% of the company’s stock.

Korn Ferry Stock Up 0.2 %

Shares of NYSE KFY opened at $78.34 on Monday. Korn Ferry has a one year low of $51.12 and a one year high of $80.64. 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 business’s fifty day moving average price is $73.94 and its 200-day moving average price is $70.39. The stock has a market capitalization of $4.07 billion, a PE ratio of 22.38 and a beta of 1.55.

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 analysts’ consensus estimates of $1.12 by $0.06. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The firm had revenue of $682.80 million for the quarter, compared to analysts’ expectations of $663.84 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The business 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. The ex-dividend date was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. Korn Ferry’s dividend payout ratio (DPR) is 42.29%.

About Korn Ferry

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.