Victory Capital Management Inc. Grows Stock Position in Korn Ferry (NYSE:KFY)

Victory Capital Management Inc. increased its position in shares of Korn Ferry (NYSE:KFY) by 3.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 797,315 shares of the business services provider’s stock after purchasing an additional 27,773 shares during the quarter. Victory Capital Management Inc.’s holdings in Korn Ferry were worth $59,990,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares during the last quarter. CWM LLC increased its stake in shares of Korn Ferry by 97.3% in the 2nd quarter. CWM LLC now owns 890 shares of the business services provider’s stock worth $60,000 after acquiring an additional 439 shares during the last quarter. Quarry LP raised its holdings in shares of Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after acquiring an additional 826 shares during the period. GAMMA Investing LLC boosted its position in shares of Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 306 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Korn Ferry in the second quarter valued at about $101,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Price Performance

Shares of KFY stock opened at $76.49 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $3.98 billion, a PE ratio of 21.85 and a beta of 1.55. The firm’s 50-day moving average is $72.64 and its two-hundred day moving average is $69.25. Korn Ferry has a 12 month low of $49.95 and a 12 month high of $80.64.

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

Korn Ferry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s payout ratio is 42.29%.

Insider Activity at Korn Ferry

In other Korn Ferry news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $75.53, for a total value of $1,580,163.13. Following the completion of the transaction, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at $11,672,028.55. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Distefano sold 5,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the sale, the insider now directly owns 50,954 shares in the company, valued at $3,687,031.44. This represents a 8.94 % 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 worth $6,329,320. Company 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.