Korn Ferry (NYSE:KFY) Short Interest Update

Korn Ferry (NYSE:KFY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,100,000 shares, a growth of 11.7% from the December 15th total of 984,500 shares. Based on an average daily volume of 338,400 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.2% of the shares of the company are short sold.

Korn Ferry Trading Up 1.3 %

Shares of KFY opened at $70.69 on Monday. Korn Ferry has a 1-year low of $55.26 and a 1-year high of $80.64. The company has a market capitalization of $3.65 billion, a P/E ratio of 15.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm’s 50 day simple moving average is $71.77 and its 200 day simple moving average is $71.21.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $675.35 million. During the same quarter last year, the company posted $0.97 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.09%. Korn Ferry’s dividend payout ratio is 31.62%.

Analysts Set New Price Targets

KFY has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insiders Place Their Bets

In related news, CEO Mark Arian sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at approximately $4,975,096.56. The trade was a 22.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Korn Ferry

A number of hedge funds have recently bought and sold shares of KFY. Janney Montgomery Scott LLC lifted its holdings in shares of Korn Ferry by 3.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,571 shares of the business services provider’s stock worth $1,050,000 after acquiring an additional 529 shares during the last quarter. SG Americas Securities LLC boosted its position in Korn Ferry by 202.4% during the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider’s stock valued at $644,000 after buying an additional 6,393 shares during the period. HB Wealth Management LLC bought a new position in shares of Korn Ferry during the fourth quarter valued at about $219,000. Wedge Capital Management L L P NC increased its holdings in shares of Korn Ferry by 6.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 77,613 shares of the business services provider’s stock worth $5,235,000 after buying an additional 4,388 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in Korn Ferry during the 4th quarter valued at about $222,000. Institutional investors own 98.82% of the company’s stock.

About Korn Ferry

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.