Korn Ferry (NYSE:KFY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $71.29, but opened at $69.13. Korn Ferry shares last traded at $69.26, with a volume of 24,494 shares traded.
Analyst Ratings Changes
Several research firms have commented on KFY. Truist Financial restated a "buy" rating and issued a $78.00 price target (up previously from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. Robert W. Baird boosted their target price on shares of Korn Ferry from $72.00 to $79.00 and gave the company an "outperform" rating in a report on Friday, June 14th. StockNews.com raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a research note on Thursday, June 20th. Finally, UBS Group boosted their price objective on shares of Korn Ferry from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Korn Ferry presently has an average rating of "Moderate Buy" and a consensus target price of $75.00.
Read Our Latest Stock Report on Korn Ferry
Korn Ferry Trading Down 4.6 %
The stock has a market capitalization of $3.52 billion, a PE ratio of 21.37 and a beta of 1.54. The company has a current ratio of 1.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. The business's 50-day moving average is $69.43 and its two-hundred day moving average is $65.87.
Korn Ferry (NYSE:KFY - Get Free Report) last issued its earnings results on Thursday, June 13th. The business services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.13. The company had revenue of $690.80 million during the quarter, compared to the consensus estimate of $687.36 million. Korn Ferry had a return on equity of 13.18% and a net margin of 6.05%. The company's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, analysts predict that Korn Ferry will post 4.81 earnings per share for the current year.
Korn Ferry Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 2.18%. Korn Ferry's payout ratio is 45.96%.
Insider Buying and Selling
In other Korn Ferry news, CEO Mark Arian sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $66.01, for a total transaction of $330,050.00. Following the sale, the chief executive officer now owns 91,484 shares in the company, valued at $6,038,858.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company's stock.
Institutional Investors Weigh In On Korn Ferry
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Korn Ferry by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider's stock worth $417,868,000 after acquiring an additional 134,209 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Korn Ferry by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock valued at $220,296,000 after purchasing an additional 48,993 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Korn Ferry by 0.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider's stock worth $90,992,000 after buying an additional 5,261 shares during the period. Pzena Investment Management LLC lifted its stake in Korn Ferry by 24.6% during the first quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider's stock valued at $73,565,000 after buying an additional 220,564 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Korn Ferry by 1,846.0% in the second quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider's stock worth $59,553,000 after buying an additional 841,413 shares during the period. Institutional investors own 98.82% of the company's stock.
Korn Ferry Company Profile
(
Get Free Report)
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.
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