Korn Ferry (NYSE:KFY) Sees Large Increase in Short Interest

Korn Ferry (NYSE:KFY) was the target of a significant growth in short interest during the month of 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. Currently, 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 353,300 shares, the days-to-cover ratio is currently 2.7 days.

Insiders Place Their Bets

In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the sale, the chief executive officer now owns 273,118 shares of the company’s stock, valued at $19,713,657.24. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Debra J. Perry sold 5,280 shares of the business’s 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 completion of the sale, the director now owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock valued at $6,329,320 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Korn Ferry

Several large investors have recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in shares of Korn Ferry by 1.2% during the second quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock valued at $981,000 after purchasing an additional 168 shares during the last quarter. 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 valued at $29,000 after buying an additional 205 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Korn Ferry by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 229 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Korn Ferry by 1.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock worth $1,144,000 after acquiring an additional 231 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its position in Korn Ferry by 4.8% in the 3rd quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 283 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

Korn Ferry Trading Down 0.7 %

NYSE:KFY traded down $0.57 during trading hours on Tuesday, reaching $78.03. The company’s stock had a trading volume of 27,078 shares, compared to its average volume of 348,678. The firm has a 50-day simple moving average of $73.94 and a 200-day simple moving average of $70.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. Korn Ferry has a 1 year low of $51.62 and a 1 year high of $80.64. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 22.46 and a beta of 1.56.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The business 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%. Korn Ferry’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. Research analysts expect that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, September 19th. Korn Ferry’s dividend payout ratio (DPR) is 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.