Korn Ferry (NYSE:KFY) announced a quarterly dividend on Wednesday, September 2nd, Zacks reports. Investors of record on Friday, September 25th will be paid a dividend of 0.10 per share by the business services provider on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, September 24th.
Korn Ferry has a payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Korn Ferry to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.6%.
Korn Ferry stock opened at $29.00 on Tuesday. Korn Ferry has a 12 month low of $21.45 and a 12 month high of $43.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The company has a fifty day moving average price of $30.10 and a two-hundred day moving average price of $28.92. The company has a market cap of $1.59 billion, a PE ratio of 54.72 and a beta of 1.49.
A number of research firms have issued reports on KFY. Sidoti raised shares of Korn Ferry from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $43.00 in a research report on Thursday, July 16th. Truist decreased their target price on shares of Korn Ferry from $37.00 to $34.00 in a report on Monday, August 24th. Finally, Zacks Investment Research downgraded shares of Korn Ferry from a “hold” rating to a “sell” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $39.00.
In other Korn Ferry news, CEO Gary D. Burnison purchased 1,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was bought at an average cost of $28.56 per share, with a total value of $28,560.00. Following the acquisition, the chief executive officer now directly owns 520,400 shares of the company’s stock, valued at $14,862,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Byrne K. Mulrooney sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $26.94, for a total value of $269,400.00. Following the transaction, the chief executive officer now directly owns 108,828 shares of the company’s stock, valued at $2,931,826.32. The disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.
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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