Korn Ferry (NYSE:KFY) Sees Significant Growth in Short Interest

Korn Ferry (NYSE:KFY) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 952,400 shares, a growth of 18.3% from the October 31st total of 805,200 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 353,300 shares, the short-interest ratio is presently 2.7 days.

Insiders Place Their Bets

In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of Korn Ferry stock in a transaction that occurred on 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 of the company’s stock, valued at $3,384,994. The trade was a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the sale, the chief financial officer now owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock worth $6,329,320 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Korn Ferry

A number of large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 205 shares in the last quarter. CWM LLC lifted its stake in shares of Korn Ferry by 97.3% during the 2nd 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 boosted its holdings in shares of Korn Ferry by 28.2% during the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after purchasing an additional 306 shares during the last quarter. Quarry LP grew its position in shares of Korn Ferry by 149.1% in the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 826 shares during the period. Finally, Innealta Capital LLC acquired a new position in Korn Ferry in the second quarter valued at $101,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn Ferry Price Performance

KFY stock traded up $0.15 during midday trading on Friday, hitting $78.34. 184,819 shares of the stock were exchanged, compared to its average volume of 269,241. The stock’s 50-day moving average price is $73.94 and its 200-day moving average price is $70.35. 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 market cap of $4.07 billion, a price-to-earnings ratio of 22.38 and a beta of 1.55. Korn Ferry has a fifty-two week low of $51.12 and a fifty-two week high of $80.64.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data 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. The firm had revenue of $682.80 million for the quarter, compared to analysts’ expectations of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. Research analysts predict 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. Investors of record on Thursday, September 19th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s payout ratio is currently 42.29%.

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.