Pathstone Holdings LLC Sells 691 Shares of Korn Ferry (NYSE:KFY)

Pathstone Holdings LLC reduced its position in shares of Korn Ferry (NYSE:KFY) by 3.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,424 shares of the business services provider’s stock after selling 691 shares during the period. Pathstone Holdings LLC’s holdings in Korn Ferry were worth $1,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. CWM LLC raised its stake in shares of Korn Ferry by 97.3% in the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock worth $60,000 after acquiring an additional 439 shares during the last quarter. Quarry LP lifted its position in shares of Korn Ferry by 149.1% during the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after purchasing an additional 826 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Korn Ferry by 28.2% during the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 306 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Korn Ferry in the second quarter valued at approximately $101,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

KFY stock opened at $78.19 on Friday. The stock has a market capitalization of $4.07 billion, a PE ratio of 22.34 and a beta of 1.55. 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 50 day moving average price of $73.82 and a 200 day moving average price of $70.20. Korn Ferry has a fifty-two week low of $50.76 and a fifty-two week 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. The business had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Analysts forecast that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 1.89%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s dividend payout ratio (DPR) is 42.29%.

Insider Activity at Korn Ferry

In other news, CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 154,535 shares in the company, valued at approximately $11,672,028.55. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary D. Burnison sold 16,274 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the completion of the sale, the chief executive officer now owns 356,844 shares in the company, valued at $26,424,298.20. This represents a 4.36 % 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 over the last ninety days. 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.