Gary D. Burnison Purchases 500 Shares of Korn Ferry (NYSE:KFY) Stock

Korn Ferry (NYSE:KFY) CEO Gary D. Burnison bought 500 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $23.96 per share, for a total transaction of $11,980.00. Following the completion of the transaction, the chief executive officer now owns 310,971 shares of the company’s stock, valued at approximately $7,450,865.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:KFY opened at $24.18 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.46. Korn Ferry has a 52-week low of $21.45 and a 52-week high of $48.81. The stock’s fifty day simple moving average is $34.77 and its 200-day simple moving average is $38.31. The company has a market capitalization of $1.33 billion, a P/E ratio of 8.70 and a beta of 1.20.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. Korn Ferry had a return on equity of 14.14% and a net margin of 7.68%. The business had revenue of $515.30 million for the quarter, compared to the consensus estimate of $500.22 million. During the same period in the prior year, the business earned $0.81 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Korn Ferry will post 2.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, March 26th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.40 annualized dividend and a yield of 1.65%. Korn Ferry’s payout ratio is currently 12.08%.

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in shares of Korn Ferry by 12,194.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,074,266 shares of the business services provider’s stock valued at $44,023,000 after buying an additional 1,065,528 shares in the last quarter. Norges Bank acquired a new stake in Korn Ferry in the 4th quarter valued at approximately $33,301,000. Jennison Associates LLC increased its position in Korn Ferry by 56.4% in the 4th quarter. Jennison Associates LLC now owns 1,284,648 shares of the business services provider’s stock valued at $54,469,000 after acquiring an additional 463,177 shares during the period. Voya Investment Management LLC increased its position in shares of Korn Ferry by 647.5% during the 3rd quarter. Voya Investment Management LLC now owns 425,610 shares of the business services provider’s stock valued at $16,445,000 after purchasing an additional 368,673 shares during the period. Finally, Boston Trust Walden Corp acquired a new position in shares of Korn Ferry during the 4th quarter valued at $12,819,000. Hedge funds and other institutional investors own 94.14% of the company’s stock.

A number of research firms have commented on KFY. SunTrust Banks decreased their target price on Korn Ferry from $58.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. ValuEngine upgraded Korn Ferry from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Credit Suisse Group decreased their target price on Korn Ferry from $37.00 to $29.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 11th. Sidoti decreased their target price on Korn Ferry from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Finally, Zacks Investment Research downgraded Korn Ferry from a “hold” rating to a “sell” rating in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.80.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services 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 market sectors.

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