Korn Ferry (NYSE:KFY) Director Sells $387,024.00 in Stock

Korn Ferry (NYSE:KFY) Director Debra J. Perry sold 5,280 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the transaction, the director now owns 46,180 shares in the company, valued at $3,384,994. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Korn Ferry Trading Down 0.7 %

Korn Ferry stock opened at $70.62 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a 50-day simple moving average of $71.51 and a 200 day simple moving average of $67.79. The stock has a market capitalization of $3.66 billion, a P/E ratio of 21.93 and a beta of 1.54. Korn Ferry has a 52 week low of $44.45 and a 52 week high of $76.63.

Korn Ferry (NYSE:KFY) last posted its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping 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 business 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 firm earned $0.99 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Announces Dividend

The business 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s dividend payout ratio is presently 45.96%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of 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 increased its stake in shares of Korn Ferry by 40.1% during the first 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 period. Quarry LP lifted its holdings in Korn Ferry by 149.1% during the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after purchasing an additional 826 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Korn Ferry in the 2nd quarter valued at $101,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

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.