Korn/Ferry International (KFY) Announces Quarterly Dividend of $0.10
Korn/Ferry International (NYSE:KFY) announced a quarterly dividend on Thursday, September 7th, Zacks reports. Investors of record on Wednesday, September 27th will be paid a dividend of 0.10 per share by the business services provider on Friday, October 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, September 26th.
Shares of Korn/Ferry International (NYSE:KFY) opened at 35.82 on Friday. The company’s 50 day moving average price is $33.11 and its 200 day moving average price is $32.54. Korn/Ferry International has a 12 month low of $19.94 and a 12 month high of $36.84. The company has a market capitalization of $2.04 billion, a P/E ratio of 24.43 and a beta of 1.39.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The company had revenue of $401.25 million during the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a return on equity of 12.20% and a net margin of 6.69%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Analysts expect that Korn/Ferry International will post $2.44 EPS for the current fiscal year.
Several equities research analysts recently issued reports on KFY shares. BidaskClub lowered Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. SunTrust Banks, Inc. lifted their price objective on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank AG lifted their price objective on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Sidoti started coverage on Korn/Ferry International in a research note on Monday, June 12th. They set a “buy” rating and a $43.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Korn/Ferry International currently has an average rating of “Hold” and an average price target of $36.60.
In other Korn/Ferry International news, CEO Byrne K. Mulrooney sold 16,000 shares of Korn/Ferry International stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $34.61, for a total transaction of $553,760.00. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website. Also, CFO Robert P. Rozek sold 11,000 shares of Korn/Ferry International stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $34.48, for a total value of $379,280.00. Following the sale, the chief financial officer now directly owns 111,782 shares of the company’s stock, valued at approximately $3,854,243.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 183,837 shares of company stock valued at $6,336,501. Corporate insiders own 1.01% of the company’s stock.
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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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