Korn Ferry (NYSE:KFY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $48.29 and last traded at $47.83, with a volume of 205 shares changing hands. The stock had previously closed at $47.87.

Several equities analysts have issued reports on KFY shares. Robert W. Baird raised shares of Korn Ferry from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Wednesday, November 25th. BidaskClub cut shares of Korn Ferry from a “buy” rating to a “hold” rating in a research note on Thursday, January 7th. Zacks Investment Research raised shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Friday, November 27th. TheStreet raised shares of Korn Ferry from a “c” rating to a “b-” rating in a research note on Monday, November 23rd. Finally, ValuEngine cut shares of Korn Ferry from a “buy” rating to a “hold” rating in a research note on Wednesday, November 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.50.

The company has a market capitalization of $2.62 billion, a PE ratio of 179.59 and a beta of 1.62. The firm’s 50-day simple moving average is $43.21 and its 200 day simple moving average is $34.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.09.

Korn Ferry (NYSE:KFY) last issued its earnings results on Sunday, November 22nd. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.05 by $0.49. Korn Ferry had a net margin of 0.92% and a return on equity of 7.52%. As a group, equities analysts anticipate that Korn Ferry will post 1.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. Korn Ferry’s payout ratio is currently 13.75%.

In related news, Director George T. Shaheen sold 13,650 shares of the business’s stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $40.84, for a total value of $557,466.00. Following the sale, the director now directly owns 42,680 shares in the company, valued at approximately $1,743,051.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.08% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in shares of Korn Ferry by 11.1% in the 3rd quarter. Sei Investments Co. now owns 42,352 shares of the business services provider’s stock worth $1,226,000 after buying an additional 4,240 shares in the last quarter. Voloridge Investment Management LLC boosted its position in shares of Korn Ferry by 204.9% in the 3rd quarter. Voloridge Investment Management LLC now owns 31,919 shares of the business services provider’s stock worth $926,000 after buying an additional 21,450 shares in the last quarter. Engine Capital Management LP purchased a new stake in shares of Korn Ferry in the 3rd quarter worth about $580,000. California State Teachers Retirement System boosted its position in shares of Korn Ferry by 2.6% in the 3rd quarter. California State Teachers Retirement System now owns 84,861 shares of the business services provider’s stock worth $2,461,000 after buying an additional 2,147 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Korn Ferry in the 3rd quarter valued at about $368,000. Institutional investors and hedge funds own 79.79% of the company’s stock.

About Korn Ferry (NYSE:KFY)

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. The company provides executive search services 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 industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.

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