Mark Arian Sells 20,000 Shares of Korn Ferry (NYSE:KFY) Stock

Korn Ferry (NYSE:KFY) CEO Mark Arian sold 20,000 shares of Korn Ferry stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the sale, the chief executive officer now directly owns 68,869 shares in the company, valued at $4,975,096.56. The trade was a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Korn Ferry Stock Down 0.5 %

Korn Ferry stock opened at $66.60 on Friday. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 14.23 and a beta of 1.56. Korn Ferry has a 52-week low of $54.77 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.07. The firm has a 50 day moving average price of $73.70 and a two-hundred day moving average price of $70.94.

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

Korn Ferry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.22%. Korn Ferry’s payout ratio is 31.62%.

Hedge Funds Weigh In On Korn Ferry

Several institutional investors have recently added to or reduced their stakes in KFY. EverSource Wealth Advisors LLC grew its position in shares of Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares during the period. CWM LLC grew its holdings in 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 period. Quarry LP increased its stake in Korn Ferry by 149.1% in the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 826 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Korn Ferry during the second quarter valued at about $101,000. Finally, GAMMA Investing LLC boosted its position in shares of Korn Ferry by 26.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock worth $132,000 after purchasing an additional 362 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KFY has been the topic of a number of research reports. Truist Financial boosted their target price 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 research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.