Korn Ferry (NYSE:KFY) Sets New 12-Month High – Still a Buy?

Korn Ferry (NYSE:KFY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $80.64 and last traded at $80.28, with a volume of 16820 shares changing hands. The stock had previously closed at $79.26.

Korn Ferry Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.15 and a quick ratio of 2.15. The business has a 50-day simple moving average of $72.19 and a 200 day simple moving average of $69.01. The firm has a market cap of $4.12 billion, a PE ratio of 22.65 and a beta of 1.55.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The company had revenue of $682.80 million during the quarter, compared to analyst estimates of $663.84 million. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Equities research analysts forecast that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s payout ratio is presently 42.29%.

Insider Buying and Selling at Korn Ferry

In other news, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total value of $361,800.00. Following the sale, the insider now directly owns 50,954 shares in the company, valued at approximately $3,687,031.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Michael Distefano sold 5,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the transaction, the insider now owns 50,954 shares in the company, valued at approximately $3,687,031.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the transaction, the director now owns 46,180 shares in the company, valued at approximately $3,384,994. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,201 shares of company stock worth $6,329,320 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Korn Ferry

Several institutional investors have recently added to or reduced their stakes in KFY. EverSource Wealth Advisors LLC boosted its holdings in Korn Ferry by 112.0% in 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 in the last quarter. CWM LLC boosted its holdings 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 acquiring an additional 439 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Korn Ferry by 28.2% in the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after acquiring an additional 306 shares in the last quarter. Quarry LP boosted its holdings in Korn Ferry by 149.1% in the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after acquiring an additional 826 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Korn Ferry in the second quarter worth about $101,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

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.