Meritage Portfolio Management Acquires 428 Shares of Korn Ferry (NYSE:KFY)

Meritage Portfolio Management grew its stake in Korn Ferry (NYSE:KFY) by 9.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,019 shares of the business services provider’s stock after purchasing an additional 428 shares during the quarter. Meritage Portfolio Management’s holdings in Korn Ferry were worth $378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Korn Ferry by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 26,229 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 11,039 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Korn Ferry by 1.0% in the first quarter. Texas Permanent School Fund Corp now owns 45,983 shares of the business services provider’s stock valued at $3,024,000 after acquiring an additional 453 shares during the last quarter. LSV Asset Management bought a new position in shares of Korn Ferry in the 1st quarter valued at about $1,042,000. Quantbot Technologies LP bought a new stake in shares of Korn Ferry in the 1st quarter valued at about $281,000. Finally, QRG Capital Management Inc. lifted its stake in Korn Ferry by 3.1% in the 1st quarter. QRG Capital Management Inc. now owns 13,183 shares of the business services provider’s stock valued at $867,000 after purchasing an additional 391 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Transactions at Korn Ferry

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 that occurred on Monday, September 23rd. The shares were 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 represents 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, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock worth $6,329,320 over the last quarter. Company insiders own 1.40% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $79.26 on Tuesday. 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 business’s 50 day moving average price is $72.19 and its two-hundred day moving average price is $69.01. The company has a market cap of $4.12 billion, a PE ratio of 22.65 and a beta of 1.55. Korn Ferry has a twelve month low of $47.69 and a twelve month high of $80.29.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $682.80 million during the quarter, compared to the consensus estimate of $663.84 million. During the same quarter last year, the firm posted $0.99 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that Korn Ferry will post 4.84 EPS 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 of this dividend was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.87%. Korn Ferry’s dividend payout ratio (DPR) is presently 42.29%.

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.