Korn Ferry (NYSE:KFY – Get Free Report) CEO Gary D. Burnison sold 38,726 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the sale, the chief executive officer now owns 273,118 shares of the company’s stock, valued at $19,713,657.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Korn Ferry Trading Down 1.7 %
Shares of KFY traded down $1.26 during mid-day trading on Thursday, reaching $72.07. The stock had a trading volume of 209,401 shares, compared to its average volume of 364,483. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. The business’s fifty day moving average is $71.03 and its 200 day moving average is $67.21. Korn Ferry has a 52-week low of $44.45 and a 52-week high of $76.63. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 22.29 and a beta of 1.54.
Korn Ferry (NYSE:KFY – Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. On average, sell-side analysts predict that Korn Ferry will post 4.84 EPS for the current fiscal year.
Korn Ferry Announces Dividend
Hedge Funds Weigh In On Korn Ferry
Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased 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 valued at $29,000 after purchasing an additional 205 shares during the last quarter. CWM LLC boosted its position in shares of Korn Ferry by 97.3% during the second 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 period. GAMMA Investing LLC boosted its position in shares of Korn Ferry by 40.1% during the first quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock worth $71,000 after buying an additional 311 shares during the period. Quarry LP grew its stake in shares of Korn Ferry by 149.1% in the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after buying an additional 826 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Korn Ferry in the 2nd quarter valued at $101,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on KFY. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Robert W. Baird upped their target price on shares of Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. UBS Group increased their target price 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 restated a “buy” rating and set a $78.00 price target (up from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Korn Ferry presently has an average rating of “Moderate Buy” and an average target price of $75.00.
View Our Latest Stock Analysis on KFY
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.
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