Insider Selling: Korn Ferry (NYSE:KFY) Director Sells 5,280 Shares of Stock

Korn Ferry (NYSE:KFY) Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the transaction, the director now directly owns 46,180 shares of the company’s stock, valued at $3,384,994. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Korn Ferry Trading Down 3.1 %

Korn Ferry stock opened at $71.14 on Friday. The firm has a market cap of $3.69 billion, a PE ratio of 22.09 and a beta of 1.54. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $76.63. The stock’s 50 day simple moving average is $71.45 and its two-hundred day simple moving average is $67.75. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $663.84 million. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Analysts anticipate that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 2.08%. Korn Ferry’s payout ratio is 45.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Korn Ferry presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Hedge Funds Weigh In On Korn Ferry

A number of hedge funds have recently bought and sold shares of KFY. Vanguard Group Inc. raised its stake in shares of Korn Ferry by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock worth $417,868,000 after buying an additional 134,209 shares during the period. Dimensional Fund Advisors LP raised its position in Korn Ferry by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock worth $220,296,000 after acquiring an additional 48,993 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Korn Ferry by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider’s stock valued at $90,992,000 after buying an additional 5,261 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Korn Ferry by 24.6% in the first quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock worth $73,565,000 after buying an additional 220,564 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Korn Ferry by 1,846.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock valued at $59,553,000 after acquiring an additional 841,413 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.