Korn Ferry (NYSE:KFY) Short Interest Down 5.7% in July

Korn Ferry (NYSE:KFY - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 718,900 shares, a decrease of 5.7% from the July 15th total of 762,400 shares. Based on an average trading volume of 354,900 shares, the short-interest ratio is presently 2.0 days. Approximately 1.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial reaffirmed a "buy" rating and issued a $78.00 target price (up from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. UBS Group increased their target price on Korn Ferry from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, June 7th. Robert W. Baird raised their price target on Korn Ferry from $72.00 to $79.00 and gave the company an "outperform" rating in a report on Friday, June 14th. Finally, StockNews.com raised Korn Ferry from a "hold" rating to a "buy" rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Korn Ferry has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Korn Ferry Stock Up 0.8 %

NYSE KFY traded up $0.54 during trading on Monday, reaching $69.70. 146,022 shares of the company's stock were exchanged, compared to its average volume of 353,222. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $75.30. The firm has a market capitalization of $3.61 billion, a PE ratio of 21.65 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 company's fifty day simple moving average is $68.25 and its 200-day simple moving average is $64.87.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.13. Korn Ferry had a return on equity of 13.18% and a net margin of 6.05%. The firm had revenue of $690.80 million during the quarter, compared to analyst estimates of $687.36 million. During the same period last year, the company posted $1.01 EPS. The business's quarterly revenue was down 5.5% compared to the same quarter last year. Sell-side analysts predict that Korn Ferry will post 4.81 EPS for the current year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, July 3rd. This is an increase from Korn Ferry's previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.12%. Korn Ferry's dividend payout ratio (DPR) is 45.96%.

Insider Activity at Korn Ferry

In related 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 directly owns 91,484 shares of the company's stock, valued at approximately $6,038,858.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Korn Ferry

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Korn Ferry by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider's stock worth $417,868,000 after purchasing an additional 134,209 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Korn Ferry by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock worth $220,296,000 after purchasing an additional 48,993 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of 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 purchasing an additional 5,261 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Korn Ferry by 24.6% during the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider's stock worth $73,565,000 after purchasing an additional 220,564 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Korn Ferry by 1,846.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider's stock worth $59,553,000 after purchasing an additional 841,413 shares in the last quarter. 98.82% of the stock is 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.