Point72 Asia Singapore Pte. Ltd. Has $188,000 Stock Holdings in Korn Ferry (NYSE:KFY)

Point72 Asia Singapore Pte. Ltd. trimmed its position in shares of Korn Ferry (NYSE:KFY) by 28.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,505 shares of the business services provider’s stock after selling 1,006 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Korn Ferry were worth $188,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Korn Ferry by 1.2% during the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after purchasing an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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. SummerHaven Investment Management LLC boosted its stake in shares of Korn Ferry by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after purchasing an additional 229 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Korn Ferry by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock valued at $1,144,000 after purchasing an additional 231 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its stake in shares of Korn Ferry by 4.8% during the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after purchasing an additional 283 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Price Performance

Shares of KFY opened at $78.65 on Thursday. Korn Ferry has a 1 year low of $51.62 and a 1 year high of $80.64. 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 $4.09 billion, a price-to-earnings ratio of 22.30 and a beta of 1.56. The business has a 50-day moving average of $74.12 and a 200-day moving average of $70.59.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) 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 company had revenue of $682.80 million during the quarter, compared to the consensus estimate of $663.84 million. During the same period last year, the company earned $0.99 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current year.

Insider Transactions at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 16,274 shares of Korn Ferry stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $74.05, for a total value of $1,205,089.70. Following the completion of the sale, the chief executive officer now directly owns 356,844 shares in the company, valued at approximately $26,424,298.20. The trade was a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $75.53, for a total value 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 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock worth $6,329,320 over the last ninety days. 1.40% of the stock is owned by insiders.

Korn Ferry 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.