Korn Ferry (NYSE:KFY) Sets New 12-Month High – Still a Buy?

Shares of Korn Ferry (NYSE:KFY) hit a new 52-week high on Tuesday . The stock traded as high as $80.64 and last traded at $80.28, with a volume of 16820 shares changing hands. The stock had previously closed at $79.26.

Korn Ferry Price Performance

The firm has a market capitalization of $4.12 billion, a PE ratio of 22.65 and a beta of 1.55. The stock has a 50-day moving average price of $72.19 and a 200 day moving average price of $69.01. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. Equities analysts forecast that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s payout ratio is 42.29%.

Insider Buying and Selling

In related news, Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the completion of the sale, the director now directly owns 46,180 shares in the company, valued at approximately $3,384,994. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the transaction, the director now owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert P. Rozek sold 20,921 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $75.53, for a total value of $1,580,163.13. Following the transaction, the chief financial officer now directly owns 154,535 shares in the company, valued at approximately $11,672,028.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,201 shares of company stock worth $6,329,320. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Korn Ferry

Several large investors have recently bought and sold shares of KFY. BNP Paribas Financial Markets increased its holdings in Korn Ferry by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 26,229 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 11,039 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of Korn Ferry by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,983 shares of the business services provider’s stock valued at $3,024,000 after acquiring an additional 453 shares during the last quarter. LSV Asset Management purchased a new position in shares of Korn Ferry in the 1st quarter valued at about $1,042,000. Quantbot Technologies LP purchased a new position in shares of Korn Ferry in the 1st quarter valued at about $281,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Korn Ferry by 3.1% in the 1st quarter. QRG Capital Management Inc. now owns 13,183 shares of the business services provider’s stock valued at $867,000 after acquiring an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

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.