Shares of Korn Ferry (NYSE:KFY) reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $54.82 and last traded at $54.79, with a volume of 311489 shares changing hands. The stock had previously closed at $54.17.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, March 9th. Goldman Sachs assumed coverage on shares of Korn Ferry in a research note on Tuesday, March 27th. They set a “buy” rating on the stock. Finally, ValuEngine raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $43.80.
The company has a market cap of $3,091.82, a PE ratio of 24.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 1.91.
Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Tuesday, March 6th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. Korn Ferry had a net margin of 6.83% and a return on equity of 12.72%. The firm had revenue of $447.60 million for the quarter, compared to analysts’ expectations of $414.54 million. During the same period last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. equities analysts predict that Korn Ferry will post 2.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Monday, March 26th were paid a $0.10 dividend. The ex-dividend date was Friday, March 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. Korn Ferry’s payout ratio is presently 17.86%.
In other Korn Ferry news, Director Debra J. Perry sold 5,520 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $51.00, for a total value of $281,520.00. Following the transaction, the director now directly owns 26,452 shares of the company’s stock, valued at $1,349,052. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Angel R. Martinez acquired 2,000 shares of Korn Ferry stock in a transaction on Friday, March 23rd. The stock was acquired at an average cost of $50.30 per share, for a total transaction of $100,600.00. Following the completion of the purchase, the director now owns 5,030 shares of the company’s stock, valued at approximately $253,009. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC bought a new position in Korn Ferry in the fourth quarter valued at approximately $159,000. LS Investment Advisors LLC boosted its stake in 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 acquiring an additional 2,701 shares during the last quarter. CAPROCK Group Inc. bought a new position in Korn Ferry in the fourth quarter valued at approximately $208,000. Northwestern Mutual Wealth Management Co. bought a new position in Korn Ferry in the fourth quarter valued at approximately $237,000. Finally, Xact Kapitalforvaltning AB bought a new position in Korn Ferry in the fourth quarter valued at approximately $240,000. 89.47% of the stock is currently owned by hedge funds and other institutional investors.
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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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