Korn/Ferry International (NYSE:KFY) CEO Gary D. Burnison sold 58,837 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $34.41, for a total transaction of $2,024,581.17. Following the completion of the transaction, the chief executive officer now directly owns 251,485 shares in the company, valued at approximately $8,653,598.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Korn/Ferry International (KFY) traded up 0.09% on Tuesday, hitting $33.15. 197,585 shares of the stock traded hands. The firm’s 50 day moving average is $34.14 and its 200-day moving average is $31.88. The company has a market cap of $1.89 billion, a PE ratio of 22.61 and a beta of 1.40. Korn/Ferry International has a 12 month low of $19.94 and a 12 month high of $36.07.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Tuesday, June 20th. The business services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The business had revenue of $419.60 million during the quarter, compared to the consensus estimate of $405.33 million. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. Equities analysts predict that Korn/Ferry International will post $2.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, June 28th. Korn/Ferry International’s payout ratio is currently 27.21%.
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A number of research firms have commented on KFY. Sidoti began coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 target price on the stock. BidaskClub cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, William Blair upgraded shares of Korn/Ferry International from a “market perform” rating to an “outperform” rating in a research note on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Korn/Ferry International presently has a consensus rating of “Hold” and an average price target of $32.00.
Several large investors have recently bought and sold shares of KFY. Bank of Montreal Can increased its stake in Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock valued at $110,000 after buying an additional 52 shares during the last quarter. SG Americas Securities LLC increased its stake in Korn/Ferry International by 26.7% in the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after buying an additional 878 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Korn/Ferry International by 17.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,979 shares of the business services provider’s stock valued at $147,000 after buying an additional 744 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Korn/Ferry International during the first quarter valued at $156,000. Finally, State of Alaska Department of Revenue increased its stake in Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock valued at $199,000 after buying an additional 60 shares during the last quarter. 90.12% of the stock is owned by institutional investors and hedge funds.
Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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