Trust Point Inc. Has $1.25 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Trust Point Inc. trimmed its holdings in shares of Korn Ferry (NYSE:KFY) by 1.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,591 shares of the business services provider’s stock after selling 247 shares during the quarter. Trust Point Inc.’s holdings in Korn Ferry were worth $1,248,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of KFY. Thrivent Financial for Lutherans increased its stake in 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 in the last quarter. Jennison Associates LLC bought a new stake in Korn Ferry in the 1st quarter valued at $52,948,000. Artemis Investment Management LLP bought a new stake in Korn Ferry in the 2nd quarter valued at $28,590,000. Pzena Investment Management LLC lifted its position in 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 in the last quarter. Finally, Blair William & Co. IL lifted its position 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 valued at $16,102,000 after acquiring an additional 189,607 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Robert P. Rozek sold 20,921 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michael Distefano sold 5,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert P. Rozek sold 20,921 shares of the company’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 transaction, the chief financial officer now owns 154,535 shares in the company, valued at approximately $11,672,028.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Korn Ferry currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Korn Ferry Stock Down 1.2 %

NYSE:KFY traded down $0.84 on Friday, hitting $70.30. 55,213 shares of the company’s stock were exchanged, compared to its average volume of 356,379. The firm has a 50-day moving average price of $71.45 and a 200-day moving average price of $67.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63. The company has a market cap of $3.64 billion, a P/E ratio of 22.09 and a beta of 1.54.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $663.84 million. During the same period in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, analysts expect that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.11%. 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.