Jerry Leamon Sells 8,000 Shares of Korn/Ferry International (KFY) Stock
Korn/Ferry International (NYSE:KFY) Director Jerry Leamon sold 8,000 shares of Korn/Ferry International stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total value of $320,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Korn/Ferry International (KFY) traded down 0.18% during trading on Wednesday, hitting $39.92. The stock had a trading volume of 503,484 shares. Korn/Ferry International has a 52 week low of $19.94 and a 52 week high of $40.64. The company has a 50-day moving average of $35.40 and a 200 day moving average of $33.42. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 20.87 and a beta of 1.41.
Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million during the quarter, compared to the consensus estimate of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. On average, equities research analysts anticipate that Korn/Ferry International will post $2.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 27th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. Korn/Ferry International’s dividend payout ratio (DPR) is 20.83%.
Several institutional investors and hedge funds have recently modified their holdings of KFY. BlackRock Inc. raised its position in shares of Korn/Ferry International by 81,030.6% during the first quarter. BlackRock Inc. now owns 6,954,519 shares of the business services provider’s stock worth $218,997,000 after acquiring an additional 6,945,947 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Korn/Ferry International by 27.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,234,255 shares of the business services provider’s stock worth $133,336,000 after acquiring an additional 913,207 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Korn/Ferry International during the second quarter worth about $13,492,000. Vanguard Group Inc. raised its position in shares of Korn/Ferry International by 5.7% during the first quarter. Vanguard Group Inc. now owns 4,807,533 shares of the business services provider’s stock worth $151,389,000 after acquiring an additional 260,391 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of Korn/Ferry International by 38.7% during the first quarter. Loomis Sayles & Co. L P now owns 531,283 shares of the business services provider’s stock worth $16,730,000 after acquiring an additional 148,182 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
KFY has been the subject of a number of research reports. Deutsche Bank AG lifted their price objective on Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. SunTrust Banks, Inc. lifted their price objective on Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. BidaskClub lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Sidoti initiated coverage on Korn/Ferry International in a research report on Monday, June 12th. They issued a “buy” rating and a $43.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Korn/Ferry International currently has an average rating of “Hold” and an average target price of $41.67.
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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