Segall Bryant & Hamill LLC Sells 58,297 Shares of Korn Ferry (NYSE:KFY)

Segall Bryant & Hamill LLC lessened its holdings in Korn Ferry (NYSE:KFY) by 65.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,431 shares of the business services provider’s stock after selling 58,297 shares during the quarter. Segall Bryant & Hamill LLC owned 0.06% of Korn Ferry worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in KFY. Vanguard Group Inc. grew its holdings in Korn Ferry by 2.2% during the first quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after purchasing an additional 134,209 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Korn Ferry during the 1st quarter worth $259,000. Bessemer Group Inc. increased its holdings in Korn Ferry by 40.1% in the 1st quarter. Bessemer Group Inc. now owns 2,387 shares of the business services provider’s stock worth $157,000 after acquiring an additional 683 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Korn Ferry by 12.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 76,220 shares of the business services provider’s stock valued at $5,009,000 after purchasing an additional 8,307 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in Korn Ferry by 36.7% during the first quarter. Quadrature Capital Ltd now owns 12,896 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 3,461 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Price Performance

KFY opened at $77.45 on Friday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 22.13 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 has a 50-day moving average price of $73.44 and a 200-day moving average price of $69.89. Korn Ferry has a twelve month low of $50.63 and a twelve month high of $80.64.

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

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s dividend payout ratio is presently 42.29%.

Insider Transactions at Korn Ferry

In other news, CFO Robert P. Rozek sold 20,921 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value of $1,580,163.13. Following the transaction, the chief financial officer now owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Debra J. Perry sold 5,280 shares of Korn Ferry stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the sale, the director now directly owns 46,180 shares of the company’s stock, valued at $3,384,994. This represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is currently owned by corporate insiders.

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.