Korn Ferry (NYSE:KFY) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Korn Ferry (NYSE:KFY) from a hold rating to a buy rating in a research report report published on Tuesday.

Separately, Truist Financial upped their target price on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.00.

Korn Ferry Stock Down 1.2 %

KFY stock opened at $69.37 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.58 billion, a PE ratio of 14.82 and a beta of 1.56. Korn Ferry has a 1-year low of $54.77 and a 1-year high of $80.64. The business’s 50 day simple moving average is $73.86 and its 200 day simple moving average is $71.00.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $682.00 million during the quarter, compared to the consensus estimate of $675.35 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. As a group, research analysts anticipate that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.48 annualized dividend and a dividend yield of 2.13%. Korn Ferry’s payout ratio is 31.62%.

Insiders Place Their Bets

In related news, insider Michael Distefano sold 5,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the completion of the sale, the insider now directly owns 50,954 shares of the company’s stock, valued at approximately $3,687,031.44. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert P. Rozek sold 20,921 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value of $1,580,163.13. Following the sale, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at $11,672,028.55. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,201 shares of company stock worth $6,329,320. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Korn Ferry

A number of large investors have recently bought and sold shares of KFY. EverSource Wealth Advisors LLC boosted its holdings in shares of Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares during the period. CWM LLC boosted its stake in Korn Ferry by 97.3% during the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock valued at $60,000 after buying an additional 439 shares during the period. Quarry LP boosted its stake in Korn Ferry by 149.1% during the second quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after buying an additional 826 shares during the period. Innealta Capital LLC bought a new stake in Korn Ferry during the second quarter valued at $101,000. Finally, GAMMA Investing LLC boosted its stake in Korn Ferry by 26.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the business services provider’s stock valued at $132,000 after buying an additional 362 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

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.