Korn Ferry (NYSE:KFY) Director Debra J. Perry sold 19,480 shares of Korn Ferry stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $50.21, for a total value of $978,090.80. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of NYSE:KFY traded down $1.55 during trading on Friday, reaching $51.20. 565,983 shares of the stock were exchanged, compared to its average volume of 530,006. Korn Ferry has a 12 month low of $29.93 and a 12 month high of $52.79. The stock has a market cap of $2,981.06, a PE ratio of 22.86 and a beta of 1.21. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.18.
Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Tuesday, March 6th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Korn Ferry had a return on equity of 12.72% and a net margin of 6.83%. The company had revenue of $447.60 million during the quarter, compared to analysts’ expectations of $414.54 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. equities research analysts expect that Korn Ferry will post 2.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 26th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 23rd. Korn Ferry’s dividend payout ratio is presently 17.86%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $159,000. LS Investment Advisors LLC raised its position in shares of Korn Ferry by 138.0% in the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after buying an additional 2,701 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $208,000. Shelton Capital Management acquired a new stake in shares of Korn Ferry in the third quarter valued at approximately $218,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $237,000. Institutional investors own 88.61% of the company’s stock.
A number of research firms recently commented on KFY. Goldman Sachs began coverage on Korn Ferry in a report on Tuesday, March 27th. They set a “buy” rating for the company. Zacks Investment Research upgraded Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, March 9th. Finally, ValuEngine upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $43.80.
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About Korn Ferry
Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit industries.
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