Korn/Ferry International (KFY) CEO Gary D. Burnison Sells 58,837 Shares
Korn/Ferry International (NYSE:KFY) CEO Gary D. Burnison sold 58,837 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $34.41, for a total value of $2,024,581.17. Following the completion of the sale, the chief executive officer now owns 251,485 shares in the company, valued at $8,653,598.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Korn/Ferry International (KFY) opened at 33.12 on Tuesday. The stock has a market capitalization of $1.89 billion, a PE ratio of 22.59 and a beta of 1.40. The stock has a 50 day moving average price of $34.11 and a 200-day moving average price of $31.85. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $36.07.
Korn/Ferry International (NYSE:KFY) last issued its earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The firm had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $405.33 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, equities analysts anticipate that Korn/Ferry International will post $2.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.21%. Korn/Ferry International’s dividend payout ratio (DPR) is 27.21%.
Large investors have recently modified their holdings of the company. Foundry Partners LLC bought a new stake in shares of Korn/Ferry International during the first quarter valued at $8,721,000. Bank of America Corp DE boosted its stake in shares of Korn/Ferry International by 25.6% in the first quarter. Bank of America Corp DE now owns 521,885 shares of the business services provider’s stock valued at $16,433,000 after buying an additional 106,520 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Korn/Ferry International by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 91,046 shares of the business services provider’s stock valued at $2,679,000 after buying an additional 1,698 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Korn/Ferry International by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the business services provider’s stock valued at $737,000 after buying an additional 100 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Korn/Ferry International by 2.6% in the first quarter. Principal Financial Group Inc. now owns 443,964 shares of the business services provider’s stock valued at $13,981,000 after buying an additional 11,428 shares during the last quarter. 90.12% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on the company. Sidoti assumed coverage on Korn/Ferry International in a research note on Monday, June 12th. They set a “buy” rating and a $43.00 price objective on the stock. William Blair upgraded Korn/Ferry International from a “market perform” rating to an “outperform” rating in a research note on Monday, April 10th. Zacks Investment Research lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, BidaskClub lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.00.
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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