Korn Ferry (NYSE:KFY) CFO Robert P. Rozek Sells 20,921 Shares

Korn Ferry (NYSE:KFY) CFO Robert P. Rozek sold 20,921 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value of $1,580,163.13. Following the completion of the sale, the chief financial officer now owns 154,535 shares in the company, valued at $11,672,028.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $74.88 on Friday. The firm’s fifty day simple moving average is $70.55 and its 200-day simple moving average is $66.68. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $76.63. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 23.25 and a beta of 1.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 1.83.

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

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 1.98%. Korn Ferry’s payout ratio is 45.96%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KFY. Quest Partners LLC purchased a new stake in shares of Korn Ferry during the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its stake 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 valued at $29,000 after buying an additional 205 shares during the period. CWM LLC raised its position in Korn Ferry by 97.3% during 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 last quarter. Quadrant Capital Group LLC raised its position in 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 during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Korn Ferry by 40.1% in the 1st quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock worth $71,000 after acquiring an additional 311 shares during the period. 98.82% of the stock is currently 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.