Pacer Advisors Inc. Buys Shares of 1,376,209 Korn Ferry (NYSE:KFY)

Pacer Advisors Inc. acquired a new position in Korn Ferry (NYSE:KFY) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,376,209 shares of the business services provider’s stock, valued at approximately $103,546,000. Pacer Advisors Inc. owned approximately 2.65% of Korn Ferry as of its most recent SEC filing.

Several other large investors have also modified their holdings of KFY. Arizona State Retirement System boosted its stake in Korn Ferry by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after acquiring an additional 168 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Korn Ferry by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after buying an additional 229 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of Korn Ferry by 1.5% in the 3rd 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 during the period. Finally, Simplicity Wealth LLC lifted its holdings in shares of Korn Ferry by 4.8% in 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 currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 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 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Distefano sold 5,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.36, for a total transaction of $361,800.00. Following the completion of the transaction, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is currently owned by corporate insiders.

Korn Ferry Stock Performance

Shares of NYSE KFY opened at $76.98 on Friday. The business’s 50-day moving average price is $73.33 and its two-hundred day moving average price is $69.75. Korn Ferry has a one year low of $50.63 and a one year high of $80.64. The company has a market capitalization of $4.00 billion, a P/E ratio of 21.99 and a beta of 1.55. 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 (NYSE:KFY) last released its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. During the same quarter last year, the firm posted $0.99 EPS. The company’s revenue was down 3.3% on a year-over-year basis. Analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s dividend payout ratio is presently 42.29%.

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.