Pacer Advisors Inc. Makes New $103.55 Million Investment in Korn Ferry (NYSE:KFY)

Pacer Advisors Inc. bought a new position in Korn Ferry (NYSE:KFY) during the third quarter, HoldingsChannel reports. The firm bought 1,376,209 shares of the business services provider’s stock, valued at approximately $103,546,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans increased its stake in shares of Korn Ferry by 1,846.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after purchasing an additional 841,413 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Korn Ferry during the 2nd quarter valued at about $28,590,000. Blair William & Co. IL grew its position in Korn Ferry by 377.6% during the second quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock valued at $16,102,000 after acquiring an additional 189,607 shares during the last quarter. Vanguard Group Inc. boosted its position in Korn Ferry by 2.2% during the first quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after buying an additional 134,209 shares during the period. Finally, Jennison Associates LLC grew its position in Korn Ferry by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock worth $74,337,000 after acquiring an additional 115,523 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Korn Ferry

In other news, CEO Gary D. Burnison sold 38,726 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 273,118 shares in the company, valued at approximately $19,713,657.24. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Debra J. Perry sold 5,280 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 46,180 shares in the company, valued at $3,384,994. This represents a 10.26 % 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 three months. 1.40% of the stock is currently owned by company insiders.

Korn Ferry Stock Performance

Korn Ferry stock opened at $76.98 on Friday. Korn Ferry has a 1-year low of $50.63 and a 1-year high of $80.64. The firm has a market cap of $4.00 billion, a P/E ratio of 21.99 and a beta of 1.55. 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 firm has a 50-day moving average of $73.33 and a 200-day moving average of $69.75.

Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share 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 company had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Sell-side analysts expect that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

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. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 1.92%. Korn Ferry’s dividend payout ratio (DPR) is presently 42.29%.

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.