Korn Ferry (NYSE:KFY) Director Debra J. Perry Sells 5,280 Shares of Stock

Korn Ferry (NYSE:KFY) Director Debra J. Perry sold 5,280 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the sale, the director now owns 46,180 shares of the company’s stock, valued at $3,384,994. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Korn Ferry Stock Performance

KFY opened at $73.38 on Thursday. The company has a 50 day simple moving average of $71.40 and a two-hundred day simple moving average of $67.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market cap of $3.80 billion, a P/E ratio of 22.79 and a beta of 1.54. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $76.63.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $682.80 million during 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%. Korn Ferry’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities analysts forecast that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 2.02%. Korn Ferry’s dividend payout ratio is presently 45.96%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its holdings in shares of Korn Ferry by 1,846.0% in the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after buying an additional 841,413 shares in the last quarter. Jennison Associates LLC purchased a new stake in Korn Ferry in the 1st quarter worth $52,948,000. Artemis Investment Management LLP bought a new position in shares of Korn Ferry during the 2nd quarter valued at about $28,590,000. Pzena Investment Management LLC boosted its holdings in shares of Korn Ferry by 24.6% during the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock valued at $73,565,000 after purchasing an additional 220,564 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Korn Ferry by 377.6% during the second quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock valued at $16,102,000 after purchasing an additional 189,607 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.