Korn Ferry (NYSE:KFY) Director Debra J. Perry Sells 5,280 Shares

Korn Ferry (NYSE:KFY - Get Free Report) Director Debra J. Perry sold 5,280 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the sale, the director now directly owns 46,180 shares of the company's stock, valued at approximately $3,384,994. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Korn Ferry Stock Up 1.0 %

Shares of NYSE:KFY traded up $0.76 during midday trading on Wednesday, hitting $73.38. The stock had a trading volume of 220,525 shares, compared to its average volume of 358,197. The company has a market cap of $3.80 billion, a P/E ratio of 22.55 and a beta of 1.54. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $76.63. The business's 50-day simple moving average is $71.25 and its 200-day simple moving average is $67.68. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The company had revenue of $682.80 million for the quarter, compared to analyst estimates of $663.84 million. During the same period in the previous year, the business earned $0.99 EPS. Korn Ferry's revenue for the quarter was down 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a dividend yield of 2.02%. Korn Ferry's dividend payout ratio is currently 45.96%.

Hedge Funds Weigh In On Korn Ferry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in Korn Ferry by 112.0% during the second 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 increased its stake in shares of Korn Ferry by 97.3% during 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 period. GAMMA Investing LLC lifted its holdings in Korn Ferry by 40.1% during the 1st quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider's stock worth $71,000 after purchasing an additional 311 shares during the last quarter. Quarry LP boosted its position in shares of Korn Ferry by 149.1% in the second quarter. Quarry LP now owns 1,380 shares of the business services provider's stock valued at $93,000 after acquiring an additional 826 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Korn Ferry in the second quarter valued at about $101,000. 98.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Korn Ferry from a "hold" rating to a "buy" rating in a research report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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