Korn Ferry (NYSE:KFY) Hits New 1-Year High – Still a Buy?

Korn Ferry (NYSE:KFY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.64 and last traded at $80.28, with a volume of 16820 shares traded. The stock had previously closed at $79.26.

Korn Ferry Trading Down 0.6 %

The stock has a market cap of $4.07 billion, a P/E ratio of 22.34 and a beta of 1.55. The firm’s 50 day simple moving average is $72.47 and its two-hundred day simple moving average is $69.20. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23.

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

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, September 19th. Korn Ferry’s dividend payout ratio (DPR) is 42.29%.

Insider Activity at Korn Ferry

In other Korn Ferry news, insider Michael Distefano sold 5,000 shares of the stock in a transaction 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of Korn Ferry stock in a transaction 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 sale, the director now owns 46,180 shares of the company’s stock, valued at $3,384,994. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Distefano sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 50,954 shares of the company’s stock, valued at approximately $3,687,031.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock worth $6,329,320 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Korn Ferry

Several institutional investors have recently bought and sold shares of KFY. BNP Paribas Financial Markets lifted its position in Korn Ferry by 72.7% in the first quarter. BNP Paribas Financial Markets now owns 26,229 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 11,039 shares during the period. Quantbot Technologies LP bought a new stake in Korn Ferry in the first quarter worth about $281,000. QRG Capital Management Inc. boosted its position in shares of Korn Ferry by 3.1% during the 1st quarter. QRG Capital Management Inc. now owns 13,183 shares of the business services provider’s stock valued at $867,000 after purchasing an additional 391 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Korn Ferry by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 10,529 shares of the business services provider’s stock worth $692,000 after purchasing an additional 721 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Korn Ferry in the 1st quarter worth approximately $3,302,000. 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.