Insider Selling: Korn Ferry (NYSE:KFY) CFO Sells 20,921 Shares of Stock

Korn Ferry (NYSE:KFY) CFO Robert P. Rozek sold 20,921 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value of $1,580,163.13. Following the completion of the sale, the chief financial officer now owns 154,535 shares in the company, valued at $11,672,028.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Korn Ferry Price Performance

NYSE: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 quick ratio of 1.83, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.88 billion, a P/E ratio of 23.23 and a beta of 1.54. The business’s 50-day moving average price is $70.55 and its 200 day moving average price is $66.70.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $682.80 million for the quarter, compared to the consensus estimate 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 for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. As a group, sell-side analysts predict that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, September 19th. Korn Ferry’s dividend payout ratio is presently 45.96%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Korn Ferry

A number of hedge funds have recently modified their holdings of KFY. Vanguard Group Inc. boosted its position in shares of Korn Ferry by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after purchasing an additional 134,209 shares during the period. Dimensional Fund Advisors LP lifted its stake in Korn Ferry by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock valued at $220,296,000 after buying an additional 48,993 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Korn Ferry by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider’s stock worth $90,992,000 after buying an additional 5,261 shares during the period. Pzena Investment Management LLC increased its position in shares of Korn Ferry by 24.6% in the first quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock worth $73,565,000 after acquiring an additional 220,564 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Korn Ferry by 1,846.0% during the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock valued at $59,553,000 after acquiring an additional 841,413 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

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.