Insider Selling: Korn/Ferry International Director Unloads 4,696 Shares of Stock (KFY)
Korn/Ferry International (NYSE:KFY) Director Harry You unloaded 4,696 shares of the company’s stock on the open market in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $26.49, for a total transaction of $124,397.04. Following the sale, the director now directly owns 20,479 shares in the company, valued at approximately $542,489. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
KFY has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Korn/Ferry International from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $28.10 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Korn/Ferry International to $27.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock.
Shares of Korn/Ferry International (NYSE:KFY) traded up 0.05% during mid-day trading on Friday, hitting $25.9924. 73,499 shares of the company’s stock traded hands. Korn/Ferry International has a 1-year low of $15.15 and a 1-year high of $26.58. The stock has a 50-day moving average of $24.45 and a 200-day moving average of $21.48. The company has a market cap of $1.286 billion and a price-to-earnings ratio of 24.06.
Korn/Ferry International (NYSE:KFY) last released its earnings data on Wednesday, December 4th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.07. The company had revenue of $238.00 million for the quarter, compared to the consensus estimate of $234.19 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis.
Korn/Ferry International (NYSE:KFY) is a global provider of talent management solutions that help clients to develop, retain and sustain their talent.
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