Tributary Capital Management LLC Sells 1,646 Shares of Korn Ferry (NYSE:KFY)

Tributary Capital Management LLC lowered its position in shares of Korn Ferry (NYSE:KFY) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 354,044 shares of the business services provider’s stock after selling 1,646 shares during the quarter. Korn Ferry accounts for 2.1% of Tributary Capital Management LLC’s holdings, making the stock its 11th biggest position. Tributary Capital Management LLC owned approximately 0.68% of Korn Ferry worth $26,638,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Korn Ferry by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock worth $417,868,000 after purchasing an additional 134,209 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Korn Ferry by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock worth $220,296,000 after buying an additional 48,993 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Korn Ferry by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider’s stock valued at $90,992,000 after acquiring an additional 5,261 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Korn Ferry by 24.6% in the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock valued at $73,565,000 after acquiring an additional 220,564 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Korn Ferry by 1,846.0% during the 2nd 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 last quarter. 98.82% of the stock is owned by institutional investors.

Korn Ferry Trading Down 0.4 %

Shares of NYSE:KFY opened at $68.94 on Monday. Korn Ferry has a 52-week low of $44.66 and a 52-week high of $76.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $3.59 billion, a P/E ratio of 19.70 and a beta of 1.54. The company has a 50-day simple moving average of $71.64 and a 200 day simple moving average of $68.04.

Korn Ferry (NYSE:KFY) last posted its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping 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 business had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. During the same period in the previous year, the firm earned $0.99 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Sell-side analysts forecast that Korn Ferry will post 4.84 earnings per share for the current 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 dividend of $0.37 per share. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 2.15%. Korn Ferry’s dividend payout ratio (DPR) is presently 42.29%.

Insiders Place Their Bets

In other news, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the transaction, the insider now owns 50,954 shares in the company, valued at approximately $3,687,031.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Korn Ferry news, insider Michael Distefano sold 5,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the transaction, the insider now owns 50,954 shares in the company, valued at $3,687,031.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the sale, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock worth $6,329,320 over the last three months. Insiders own 1.40% of the company’s stock.

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.