Michael Distefano Sells 5,000 Shares of Korn Ferry (NYSE:KFY) Stock

Korn Ferry (NYSE:KFY) insider Michael Distefano sold 5,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.36, for a total value 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 legal filing with the SEC, which can be accessed through the SEC website.

Korn Ferry Stock Down 0.2 %

Shares of KFY traded down $0.11 during midday trading on Tuesday, reaching $73.72. 464,784 shares of the stock were exchanged, compared to its average volume of 366,761. The company has a market capitalization of $3.82 billion, a P/E ratio of 22.78 and a beta of 1.54. The company has a current ratio of 2.15, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63. The company’s 50 day moving average is $70.66 and its two-hundred day moving average is $66.77.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $663.84 million. During the same period in the prior year, the business earned $0.99 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 19th. Korn Ferry’s dividend payout ratio (DPR) is 45.96%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Robert W. Baird lifted their price objective on shares of Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, June 14th. UBS Group boosted their price objective on shares of Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $78.00 target price (up from $74.00) on shares of Korn Ferry 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. Based on data from MarketBeat, Korn Ferry presently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Institutional Trading of Korn Ferry

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of 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 in the last quarter. Quest Partners LLC bought a new position in Korn Ferry in the fourth quarter worth about $29,000. CWM LLC grew its position 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 last quarter. Quadrant Capital Group LLC grew its position in shares of Korn Ferry by 90.3% in 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 raised its stake in shares of Korn Ferry by 40.1% during 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 in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

About Korn Ferry

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.