Stablepoint Partners LLC Has $376,000 Stock Holdings in Korn Ferry (NYSE:KFY)

Stablepoint Partners LLC reduced its stake in Korn Ferry (NYSE:KFY) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the business services provider’s stock after selling 1,500 shares during the period. Stablepoint Partners LLC’s holdings in Korn Ferry were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its stake in shares of Korn Ferry by 1,846.0% during the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after purchasing an additional 841,413 shares during the period. Jennison Associates LLC acquired a new stake in shares of Korn Ferry during the first quarter worth $52,948,000. Artemis Investment Management LLP acquired a new position in shares of Korn Ferry in the second quarter valued at about $28,590,000. Pzena Investment Management LLC increased its position in Korn Ferry by 24.6% during the first quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock worth $73,565,000 after acquiring an additional 220,564 shares during the period. Finally, Blair William & Co. IL raised its stake in Korn Ferry by 377.6% in the 2nd quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock worth $16,102,000 after purchasing an additional 189,607 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Insider Buying and Selling

In related news, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the transaction, the chief executive officer now directly owns 273,118 shares of the company’s stock, valued at $19,713,657.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Robert P. Rozek sold 20,921 shares of the business’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 in the company, valued at $11,672,028.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary D. Burnison sold 38,726 shares of Korn Ferry stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the transaction, the chief executive officer now directly owns 273,118 shares of the company’s stock, valued at approximately $19,713,657.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,921 shares of company stock valued at $5,942,296 in the last three months. Insiders own 1.50% of the company’s stock.

Korn Ferry Price Performance

KFY stock opened at $72.60 on Tuesday. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $76.63. The firm has a market cap of $3.76 billion, a P/E ratio of 22.55 and a beta of 1.54. 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 company’s 50-day moving average price is $71.16 and its two-hundred day moving average price is $67.63.

Korn Ferry (NYSE:KFY) last posted its earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping 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 firm had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 2.04%. Korn Ferry’s payout ratio is 45.96%.

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.