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

Korn Ferry (NYSE:KFY - Get Free Report) CEO Mark Arian sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $72.24, for a total value of $1,444,800.00. Following the completion of the sale, the chief executive officer now owns 68,869 shares of the company's stock, valued at $4,975,096.56. The trade was a 22.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Korn Ferry Stock Down 3.4 %

Shares of Korn Ferry stock traded down $2.38 during trading on Wednesday, hitting $66.96. The company's stock had a trading volume of 499,573 shares, compared to its average volume of 357,755. Korn Ferry has a 52 week low of $54.77 and a 52 week high of $80.64. The company has a market capitalization of $3.45 billion, a PE ratio of 14.31 and a beta of 1.56. The company has a fifty day simple moving average of $73.78 and a two-hundred day simple moving average of $70.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share 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 business had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. During the same quarter last year, the firm earned $0.97 earnings per share. The business's revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, December 20th. Korn Ferry's dividend payout ratio (DPR) is 31.62%.

Institutional Investors Weigh In On Korn Ferry

A number of institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new stake in Korn Ferry during the 3rd quarter valued at about $103,546,000. Thrivent Financial for Lutherans grew its holdings 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 buying an additional 841,413 shares during the last quarter. Blair William & Co. IL increased its position 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 valued at $16,102,000 after acquiring an additional 189,607 shares in the last quarter. Barclays PLC raised its holdings in Korn Ferry by 129.0% in the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock worth $18,053,000 after acquiring an additional 135,148 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Korn Ferry by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 988,005 shares of the business services provider's stock valued at $74,337,000 after acquiring an additional 115,523 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KFY shares. StockNews.com upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a research report on Tuesday. Truist Financial upped their target price on Korn Ferry from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Korn Ferry presently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

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.