Empowered Funds LLC Makes New Investment in Korn Ferry (NYSE:KFY)

Empowered Funds LLC purchased a new position in shares of Korn Ferry (NYSE:KFY) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,132 shares of the business services provider’s stock, valued at approximately $1,214,000.

A number of other large investors also recently modified their holdings of the company. Arizona State Retirement System lifted its holdings in shares of Korn Ferry by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock worth $981,000 after purchasing an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Korn Ferry by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 229 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in Korn Ferry by 1.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock valued at $1,144,000 after acquiring an additional 231 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its stake in Korn Ferry by 4.8% during the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 283 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Gary D. Burnison sold 38,726 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total value of $2,795,242.68. Following the sale, the chief executive officer now owns 273,118 shares of the company’s stock, valued at $19,713,657.24. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Distefano sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total transaction 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. This trade represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,201 shares of company stock valued at $6,329,320. Company insiders own 1.40% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE:KFY opened at $77.44 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $73.44 and its two-hundred day simple moving average is $69.84. Korn Ferry has a 1-year low of $50.63 and a 1-year high of $80.64. The stock has a market cap of $4.03 billion, a PE ratio of 22.12 and a beta of 1.55.

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 business had revenue of $682.80 million during 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. As a group, analysts forecast that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s dividend 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.