Korn Ferry (NYSE:KFY) CEO Mark Arian Sells 5,000 Shares of Stock

Korn Ferry (NYSE:KFY) CEO Mark Arian sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.73, for a total transaction of $333,650.00. Following the sale, the chief executive officer now directly owns 96,484 shares in the company, valued at $6,438,377.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mark Arian also recently made the following trade(s):

• On Monday, June 17th, Mark Arian sold 5,000 shares of Korn Ferry stock. The stock was sold at an average price of $66.01, for a total transaction of $330,050.00.

Korn Ferry Stock Up 0.6 %

Shares of NYSE KFY opened at $66.54 on Wednesday. The company has a market capitalization of $3.50 billion, a P/E ratio of 20.66 and a beta of 1.48. Korn Ferry has a 52-week low of $44.45 and a 52-week high of $70.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.79. The company’s 50 day moving average price is $63.89 and its 200-day moving average price is $61.21.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, June 13th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.13. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The company had revenue of $690.80 million for the quarter, compared to the consensus estimate of $687.36 million. During the same quarter in the previous year, the company earned $1.01 EPS. Korn Ferry’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities analysts forecast that Korn Ferry will post 4.86 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 3rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Wednesday, July 3rd. This is an increase from Korn Ferry’s previous quarterly dividend of $0.33. Korn Ferry’s payout ratio is presently 40.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KFY. Quest Partners LLC acquired a new position in shares of Korn Ferry during the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new position in Korn Ferry during the fourth quarter worth $45,000. DekaBank Deutsche Girozentrale acquired a new position in Korn Ferry during the third quarter worth $52,000. Quadrant Capital Group LLC raised its holdings in Korn Ferry by 90.3% during the fourth 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 during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Korn Ferry by 13.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock worth $151,000 after buying an additional 301 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of Korn Ferry from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Robert W. Baird boosted their price target on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. William Blair upgraded shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th. UBS Group boosted their price target on shares of Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. Finally, Truist Financial restated a “buy” rating and issued a $78.00 price target (up previously from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

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.