Korn/Ferry International (NYSE:KFY) CFO Robert P. Rozek sold 15,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $34.59, for a total transaction of $518,850.00. Following the transaction, the chief financial officer now directly owns 101,282 shares of the company’s stock, valued at approximately $3,503,344.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Korn/Ferry International (NYSE:KFY) opened at 34.48 on Tuesday. The company has a market cap of $1.96 billion, a P/E ratio of 23.52 and a beta of 1.40. The firm has a 50-day moving average of $33.02 and a 200 day moving average of $31.09. Korn/Ferry International has a 52 week low of $19.94 and a 52 week high of $36.07.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Tuesday, June 20th. The business services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The firm had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $405.33 million. During the same period in the previous year, the firm earned $0.58 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts anticipate that Korn/Ferry International will post $2.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. Korn/Ferry International’s payout ratio is currently 27.21%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after buying an additional 52 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Korn/Ferry International during the first quarter worth approximately $156,000. Envestnet Asset Management Inc. boosted its position in Korn/Ferry International by 17.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,979 shares of the business services provider’s stock worth $147,000 after buying an additional 744 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock worth $199,000 after buying an additional 60 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in Korn/Ferry International during the first quarter worth approximately $246,000. 91.18% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on KFY. BidaskClub lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Sidoti began coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 target price on the stock. William Blair upgraded shares of Korn/Ferry International from a “market perform” rating to an “outperform” rating in a research report on Monday, April 10th. Finally, Tigress Financial began coverage on shares of Korn/Ferry International in a research report on Monday, March 20th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Korn/Ferry International currently has an average rating of “Hold” and a consensus price target of $32.00.
Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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