Insider Selling: Korn Ferry (NYSE:KFY) CFO Sells $1,580,163.13 in Stock

Korn Ferry (NYSE:KFY) CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Korn Ferry Stock Down 1.1 %

Shares of NYSE:KFY opened at $74.81 on Monday. The firm has a fifty day moving average of $70.55 and a 200 day moving average of $66.71. Korn Ferry has a 52-week low of $44.45 and a 52-week high of $76.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 2.15. The firm has a market capitalization of $3.88 billion, a PE ratio of 23.23 and a beta of 1.54.

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

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.98%. Korn Ferry’s dividend payout ratio (DPR) is currently 45.96%.

Institutional Trading of Korn Ferry

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Korn Ferry by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after buying an additional 134,209 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Korn Ferry by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock worth $220,296,000 after purchasing an additional 48,993 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Korn Ferry by 0.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider’s stock worth $90,992,000 after purchasing an additional 5,261 shares during the period. Pzena Investment Management LLC increased its holdings in Korn Ferry by 24.6% during the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock valued at $73,565,000 after purchasing an additional 220,564 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Korn Ferry by 1,846.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after buying an additional 841,413 shares during the period. Institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

KFY has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Robert W. Baird boosted their target price on Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Truist Financial reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. Finally, UBS Group boosted their price objective on Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Korn Ferry has an average rating of “Moderate Buy” and a consensus price target of $75.00.

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.