Korn Ferry (NYSE:KFY – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Research Report on KFY
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.
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