Insider Selling: Korn Ferry (NYSE:KFY) Insider Sells 5,000 Shares of Stock

Korn Ferry (NYSE:KFY) insider Michael Distefano sold 5,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total transaction of $361,800.00. Following the transaction, the insider now owns 50,954 shares of the company’s stock, valued at approximately $3,687,031.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Korn Ferry Stock Up 0.7 %

Shares of NYSE:KFY opened at $72.99 on Friday. The firm has a market capitalization of $3.80 billion, a PE ratio of 22.67 and a beta of 1.54. The business has a 50 day simple moving average of $70.78 and a two-hundred day simple moving average of $66.91. Korn Ferry has a 1 year low of $44.45 and a 1 year high of $76.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15.

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

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 19th. Korn Ferry’s dividend payout ratio is presently 45.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KFY shares. Truist Financial reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. UBS Group raised their price objective on Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Finally, Robert W. Baird raised their price target on Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.00.

Institutional Investors Weigh In On Korn Ferry

Several large investors have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new stake in shares of Korn Ferry during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its position in Korn Ferry by 112.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares in the last quarter. CWM LLC lifted its holdings in shares of Korn Ferry by 97.3% in the 2nd quarter. CWM LLC now owns 890 shares of the business services provider’s stock worth $60,000 after buying an additional 439 shares during the period. Quadrant Capital Group LLC grew its position in shares of Korn Ferry by 90.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock worth $63,000 after buying an additional 503 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Korn Ferry by 40.1% during the first quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock valued at $71,000 after buying an additional 311 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

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.