Korn/Ferry International (NYSE:KFY) CEO Byrne K. Mulrooney sold 8,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $34.61, for a total value of $276,880.00. Following the transaction, the chief executive officer now owns 104,712 shares of the company’s stock, valued at $3,624,082.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Korn/Ferry International (NYSE:KFY) opened at 34.60 on Monday. The stock has a 50 day moving average price of $33.02 and a 200 day moving average price of $31.09. The stock has a market cap of $1.97 billion, a PE ratio of 23.60 and a beta of 1.40. Korn/Ferry International has a 52 week low of $19.94 and a 52 week high of $36.07.
Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Tuesday, June 20th. The business services provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The company had revenue of $419.60 million during the quarter, compared to analyst estimates of $405.33 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities analysts predict that Korn/Ferry International will post $2.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, June 28th. Korn/Ferry International’s payout ratio is 27.21%.
Large investors have recently modified their holdings of the company. Foundry Partners LLC bought a new stake in shares of Korn/Ferry International during the first quarter valued at $8,721,000. Teachers Advisors LLC increased its stake in shares of Korn/Ferry International by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 91,046 shares of the business services provider’s stock valued at $2,679,000 after buying an additional 1,698 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Korn/Ferry International by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the business services provider’s stock valued at $737,000 after buying an additional 100 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Korn/Ferry International by 27.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,234,255 shares of the business services provider’s stock valued at $133,336,000 after buying an additional 913,207 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Korn/Ferry International by 8.9% in the first quarter. Deprince Race & Zollo Inc. now owns 1,356,298 shares of the business services provider’s stock valued at $42,710,000 after buying an additional 110,280 shares during the last quarter. 91.21% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the company. BidaskClub upgraded Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Zacks Investment Research cut Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Sidoti assumed coverage on Korn/Ferry International in a report on Monday, June 12th. They set a “buy” rating and a $43.00 target price for the company. William Blair upgraded Korn/Ferry International from a “market perform” rating to an “outperform” rating in a report on Monday, April 10th. Finally, Tigress Financial assumed coverage on Korn/Ferry International in a report on Monday, March 20th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Korn/Ferry International presently has an average rating of “Buy” and an average price target of $32.00.
About Korn/Ferry International
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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