Korn Ferry (NYSE:KFY) Stock Price Expected to Rise, Truist Financial Analyst Says

Korn Ferry (NYSE:KFY - Free Report) had its price objective lifted by Truist Financial from $78.00 to $84.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the business services provider's stock.

Korn Ferry Price Performance

Shares of NYSE:KFY traded down $0.52 during trading on Friday, hitting $71.56. 569,774 shares of the company's stock were exchanged, compared to its average volume of 268,310. The business's 50-day simple moving average is $74.19 and its 200 day simple moving average is $70.69. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 15.29 and a beta of 1.56. Korn Ferry has a 52-week low of $52.06 and a 52-week high of $80.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15.

Korn Ferry (NYSE:KFY - Get Free Report) 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. The business had revenue of $682.00 million during the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The company's revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. As a group, equities analysts predict that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, December 20th. Korn Ferry's dividend payout ratio (DPR) is presently 31.62%.

Insider Transactions at Korn Ferry

In other news, Director Debra J. Perry sold 5,280 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total transaction of $387,024.00. Following the sale, the director now directly owns 46,180 shares in the company, valued at approximately $3,384,994. This represents a 10.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert P. Rozek sold 20,921 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the transaction, the chief financial officer now directly owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. The trade was a 11.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,201 shares of company stock valued at $6,329,320. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Korn Ferry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KFY. EverSource Wealth Advisors LLC lifted its holdings 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 during the last quarter. CWM LLC lifted its stake in Korn Ferry by 97.3% in the second quarter. CWM LLC now owns 890 shares of the business services provider's stock worth $60,000 after purchasing an additional 439 shares during the last quarter. Quarry LP boosted its position in shares of Korn Ferry by 149.1% during 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 during the period. Innealta Capital LLC bought a new position in shares of Korn Ferry during the second quarter valued at approximately $101,000. Finally, GAMMA Investing LLC raised its holdings in shares of Korn Ferry by 26.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider's stock worth $132,000 after buying an additional 362 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

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.