Korn Ferry (NYSE:KFY) Director Sells $387,024.00 in Stock

Korn Ferry (NYSE:KFY) Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction on 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 sale, the director now owns 46,180 shares in the company, valued at $3,384,994. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Korn Ferry Stock Up 1.0 %

Shares of KFY opened at $73.38 on Thursday. 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 has a fifty day moving average of $71.40 and a 200 day moving average of $67.72. The company has a market cap of $3.80 billion, a PE ratio of 22.79 and a beta of 1.54. Korn Ferry has a 52-week low of $44.45 and a 52-week high of $76.63.

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, topping 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 business’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. On average, sell-side analysts expect that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The firm also recently announced 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 was Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 2.02%. Korn Ferry’s dividend payout ratio (DPR) is presently 45.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Institutional Investors Weigh In On Korn Ferry

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in Korn Ferry by 112.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares during the last quarter. CWM LLC grew its holdings in shares of Korn Ferry by 97.3% in the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock worth $60,000 after purchasing an additional 439 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Korn Ferry by 40.1% in the first quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock worth $71,000 after purchasing an additional 311 shares during the last quarter. Quarry LP lifted its holdings in Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after buying an additional 826 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Korn Ferry in the 2nd quarter valued at about $101,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

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.