Gary D. Burnison Sells 50,000 Shares of Korn/Ferry International (KFY) Stock
Korn/Ferry International (NYSE:KFY) CEO Gary D. Burnison sold 50,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total value of $2,001,000.00. Following the transaction, the chief executive officer now directly owns 198,700 shares of the company’s stock, valued at approximately $7,951,974. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Korn/Ferry International (NYSE:KFY) traded down 1.14% on Tuesday, reaching $39.99. The company had a trading volume of 438,212 shares. The stock’s 50-day moving average is $35.40 and its 200-day moving average is $33.42. Korn/Ferry International has a 52 week low of $19.94 and a 52 week high of $40.64. The company has a market capitalization of $2.26 billion, a P/E ratio of 20.90 and a beta of 1.40.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The firm had revenue of $401.25 million for the quarter, compared to the consensus estimate of $392.91 million. During the same period last year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts forecast that Korn/Ferry International will post $2.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, September 26th. Korn/Ferry International’s dividend payout ratio (DPR) is 20.83%.
A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of Korn/Ferry International by 25.6% in the 1st quarter. Bank of America Corp DE now owns 521,885 shares of the business services provider’s stock valued at $16,433,000 after acquiring an additional 106,520 shares during the period. Legal & General Group Plc lifted its stake in shares of Korn/Ferry International by 9.7% during the 2nd quarter. Legal & General Group Plc now owns 111,533 shares of the business services provider’s stock worth $3,852,000 after purchasing an additional 9,854 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Korn/Ferry International by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 322,159 shares of the business services provider’s stock worth $10,145,000 after purchasing an additional 11,381 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Korn/Ferry International by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 443,964 shares of the business services provider’s stock worth $13,981,000 after purchasing an additional 11,428 shares during the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in shares of Korn/Ferry International during the 1st quarter worth $758,000. Institutional investors own 88.89% of the company’s stock.
A number of analysts have recently weighed in on the stock. Sidoti assumed coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They issued a “buy” rating and a $43.00 target price on the stock. BidaskClub lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Deutsche Bank AG lifted their price target on shares of Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. Finally, SunTrust Banks, Inc. boosted their price objective on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.25.
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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