Korn Ferry (NYSE:KFY) CEO Sells $2,795,242.68 in Stock

Korn Ferry (NYSE:KFY) CEO Gary D. Burnison sold 38,726 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the transaction, the chief executive officer now directly owns 273,118 shares in the company, valued at approximately $19,713,657.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Korn Ferry Stock Performance

Shares of KFY opened at $72.90 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $71.09 and a two-hundred day simple moving average of $67.30. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 22.64 and a beta of 1.54. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The business had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. During the same quarter in the prior year, the business posted $0.99 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 19th. Korn Ferry’s dividend payout ratio is currently 45.96%.

Hedge Funds Weigh In On Korn Ferry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KFY. Circumference Group LLC bought a new stake in shares of Korn Ferry in the 4th quarter valued at approximately $2,131,000. Janus Henderson Group PLC lifted its stake in shares of Korn Ferry by 161.5% during the 1st quarter. Janus Henderson Group PLC now owns 67,064 shares of the business services provider’s stock worth $4,409,000 after acquiring an additional 41,416 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Korn Ferry during the 1st quarter worth approximately $815,000. Diversify Advisory Services LLC bought a new stake in shares of Korn Ferry during the 2nd quarter worth approximately $1,158,000. Finally, Jennison Associates LLC bought a new stake in shares of Korn Ferry during the 1st quarter worth approximately $52,948,000. 98.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KFY has been the topic of a number of recent research reports. Truist Financial reissued a “buy” rating and issued a $78.00 target price (up previously from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, Robert W. Baird increased their target price on Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, June 14th. One equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.