Korn Ferry (NYSE:KFY) reached a new 52-week high and low on Wednesday . The stock traded as low as $54.82 and last traded at $54.79, with a volume of 311489 shares trading hands. The stock had previously closed at $54.17.
Several research firms recently weighed in on KFY. Zacks Investment Research upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday, March 9th. ValuEngine upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Goldman Sachs began coverage on shares of Korn Ferry in a research report on Tuesday, March 27th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $43.80.
The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market capitalization of $3,091.82, a PE ratio of 24.65 and a beta of 1.21.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Monday, March 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, March 23rd. Korn Ferry’s dividend payout ratio (DPR) is presently 17.86%.
In other news, Director Angel R. Martinez acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was bought at an average price of $50.30 per share, with a total value of $100,600.00. Following the completion of the acquisition, the director now owns 5,030 shares in the company, valued at approximately $253,009. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Debra J. Perry sold 19,480 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $50.21, for a total transaction of $978,090.80. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth approximately $159,000. LS Investment Advisors LLC increased its holdings in shares of Korn Ferry by 138.0% during the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock worth $193,000 after buying an additional 2,701 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in shares of Korn Ferry during the fourth quarter worth approximately $208,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Korn Ferry during the fourth quarter worth approximately $237,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Korn Ferry during the fourth quarter worth approximately $240,000. 89.47% of the stock is owned by institutional investors.
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Korn Ferry Company Profile
Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit industries.
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