Korn Ferry (NYSE:KFY) CEO Gary D. Burnison bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of $22.84 per share, with a total value of $22,840.00. Following the completion of the purchase, the chief executive officer now owns 310,971 shares of the company’s stock, valued at $7,102,577.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of KFY stock opened at $26.49 on Friday. Korn Ferry has a 52-week low of $21.45 and a 52-week high of $48.81. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 9.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a fifty day moving average of $34.45 and a 200-day moving average of $38.26.
Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Korn Ferry had a net margin of 7.68% and a return on equity of 14.14%. The company had revenue of $515.30 million during the quarter, compared to analysts’ expectations of $500.22 million. During the same quarter in the prior year, the company posted $0.81 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Korn Ferry will post 2.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, March 26th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, March 25th. Korn Ferry’s dividend payout ratio is 12.08%.
Several research firms have weighed in on KFY. Zacks Investment Research lowered shares of Korn Ferry from a “hold” rating to a “sell” rating in a research note on Wednesday, March 4th. Robert W. Baird dropped their price objective on shares of Korn Ferry from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. ValuEngine raised shares of Korn Ferry from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Sidoti decreased their target price on shares of Korn Ferry from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, SunTrust Banks decreased their target price on shares of Korn Ferry from $58.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $42.80.
Several hedge funds have recently made changes to their positions in KFY. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Korn Ferry in the 4th quarter valued at $32,000. FMR LLC raised its stake in shares of Korn Ferry by 27.7% in the 4th quarter. FMR LLC now owns 1,369 shares of the business services provider’s stock valued at $59,000 after buying an additional 297 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Korn Ferry by 14.1% in the 4th quarter. Meeder Asset Management Inc. now owns 1,994 shares of the business services provider’s stock valued at $84,000 after buying an additional 246 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Korn Ferry by 95.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the business services provider’s stock valued at $87,000 after buying an additional 1,000 shares in the last quarter. Finally, Advisors Preferred LLC raised its stake in shares of Korn Ferry by 12.8% in the 4th quarter. Advisors Preferred LLC now owns 2,813 shares of the business services provider’s stock valued at $119,000 after buying an additional 320 shares in the last quarter. Institutional investors own 94.14% of the company’s stock.
About Korn Ferry
Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.
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