Robert P. Rozek Sells 20,921 Shares of Korn Ferry (NYSE:KFY) Stock

Korn Ferry (NYSE:KFY) CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 154,535 shares in the company, valued at approximately $11,672,028.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Korn Ferry Price Performance

Shares of KFY opened at $74.81 on Friday. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63. The company has a current ratio of 2.15, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 23.23 and a beta of 1.54. The stock has a 50 day moving average of $70.55 and a 200-day moving average of $66.70.

Korn Ferry (NYSE:KFY) last released its 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. The firm had revenue of $682.80 million during the quarter, compared to analyst estimates of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, analysts forecast 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 will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.98%. Korn Ferry’s dividend payout ratio (DPR) is 45.96%.

Hedge Funds Weigh In On Korn Ferry

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its position in Korn Ferry by 107.1% during the 4th quarter. Teacher Retirement System of Texas now owns 14,263 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 7,375 shares during the period. Jump Financial LLC acquired a new position in shares of Korn Ferry during the fourth quarter valued at $220,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Korn Ferry during the fourth quarter valued at $229,000. Janney Montgomery Scott LLC acquired a new position in shares of Korn Ferry during the fourth quarter valued at $711,000. Finally, Quadrant Capital Group LLC grew its position in shares of Korn Ferry by 90.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock worth $63,000 after acquiring an additional 503 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial reaffirmed a “buy” rating and issued a $78.00 target price (up from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. UBS Group upped their price target on shares of Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, June 7th. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Robert W. Baird boosted their target price on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.