Korn Ferry (NYSE:KFY) CEO Mark Arian Sells 20,000 Shares of Stock

Korn Ferry (NYSE:KFY) CEO Mark Arian sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $72.24, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief executive officer now owns 68,869 shares in the company, valued at approximately $4,975,096.56. This trade represents a 22.51 % 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 Stock Down 3.4 %

Shares of KFY opened at $66.96 on Thursday. Korn Ferry has a 1 year low of $54.77 and a 1 year high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.15. The stock has a 50 day simple moving average of $73.78 and a two-hundred day simple moving average of $70.97. The firm has a market cap of $3.45 billion, a P/E ratio of 14.31 and a beta of 1.56.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.21. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $675.35 million. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. On average, analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.21%. Korn Ferry’s dividend payout ratio (DPR) is currently 31.62%.

Wall Street Analysts Forecast Growth

KFY has been the subject of a number of research reports. StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday. Truist Financial upped their target price on shares of Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Pacer Advisors Inc. purchased a new stake in Korn Ferry during the 3rd quarter valued at $103,546,000. Thrivent Financial for Lutherans raised its stake in shares of Korn Ferry by 1,846.0% during the second 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 during the last quarter. Blair William & Co. IL boosted its holdings in shares of Korn Ferry by 377.6% during the second quarter. Blair William & Co. IL now owns 239,823 shares of the business services provider’s stock worth $16,102,000 after purchasing an additional 189,607 shares during the period. Barclays PLC grew its stake in shares of Korn Ferry by 129.0% in the third quarter. Barclays PLC now owns 239,937 shares of the business services provider’s stock worth $18,053,000 after purchasing an additional 135,148 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Korn Ferry by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider’s stock valued at $74,337,000 after purchasing an additional 115,523 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

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.