Korn Ferry (NYSE:KFY - Get Free Report) CEO Mark Arian sold 20,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the transaction, the chief executive officer now directly owns 68,869 shares in the company, valued at approximately $4,975,096.56. The trade was a 22.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Korn Ferry Stock Performance
Shares of KFY stock opened at $66.96 on Thursday. The company's fifty day moving average price is $73.78 and its 200-day moving average price is $70.97. The stock has a market cap of $3.45 billion, a PE ratio of 14.31 and a beta of 1.56. The company has a current ratio of 2.07, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. Korn Ferry has a 12 month low of $54.77 and a 12 month high of $80.64.
Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.21. The company had revenue of $682.00 million during the quarter, compared to analysts' expectations of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry's revenue was down 4.3% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. On average, equities analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.
Korn Ferry Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be paid a $0.37 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.21%. Korn Ferry's payout ratio is currently 31.62%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in KFY. Arizona State Retirement System lifted its stake in shares of Korn Ferry by 1.2% in the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider's stock worth $981,000 after buying an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Korn Ferry by 112.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider's stock worth $29,000 after acquiring an additional 205 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Korn Ferry by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider's stock valued at $961,000 after acquiring an additional 229 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in Korn Ferry by 1.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider's stock valued at $1,144,000 after purchasing an additional 231 shares during the last quarter. Finally, Simplicity Wealth LLC increased its holdings in shares of Korn Ferry by 4.8% in the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider's stock worth $462,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a research note on Tuesday. Truist Financial lifted their price objective on Korn Ferry from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.00.
Read Our Latest Stock Analysis on KFY
Korn Ferry Company Profile
(
Get Free Report)
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.
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