AlphaMark Advisors LLC Cuts Position in Korn Ferry (NYSE:KFY)

AlphaMark Advisors LLC trimmed its position in shares of Korn Ferry (NYSE:KFY) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,716 shares of the business services provider’s stock after selling 300 shares during the period. AlphaMark Advisors LLC’s holdings in Korn Ferry were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Korn Ferry by 112.0% during 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 in the last quarter. CWM LLC lifted its holdings 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 valued at $60,000 after acquiring an additional 439 shares during the last quarter. GAMMA Investing LLC grew its position in Korn Ferry by 40.1% in the first quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock worth $71,000 after acquiring an additional 311 shares in the last quarter. Quarry LP raised its position in Korn Ferry by 149.1% during the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 826 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Korn Ferry during the second quarter valued at approximately $101,000. 98.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the sale, the director now directly owns 46,180 shares of the company’s stock, valued at $3,384,994. The trade was 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. In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of Korn Ferry stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the completion of the sale, the director now directly owns 46,180 shares of the company’s stock, valued at $3,384,994. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary D. Burnison sold 38,726 shares of the stock in a transaction 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 in the company, valued at $19,713,657.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock valued at $6,329,320 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Korn Ferry Stock Performance

Shares of NYSE:KFY opened at $71.14 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 22.09 and a beta of 1.54. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $76.63. The firm’s 50-day moving average is $71.45 and its 200 day moving average is $67.75.

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

Korn Ferry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s dividend payout ratio is presently 45.96%.

About Korn Ferry

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.