Korn Ferry (NYSE:KFY) Reaches New 1-Year High – Still a Buy?

Korn Ferry (NYSE:KFY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $80.70 and last traded at $80.70, with a volume of 242 shares traded. The stock had previously closed at $78.60.

Korn Ferry Stock Down 0.5 %

The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 22.46 and a beta of 1.56. The stock has a fifty day moving average of $73.94 and a 200-day moving average of $70.42. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23.

Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, sell-side analysts expect that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a yield of 1.89%. Korn Ferry’s payout ratio is 42.29%.

Insider Activity at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the transaction, the chief executive officer now directly owns 273,118 shares in the company, valued at $19,713,657.24. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the transaction, the director now owns 46,180 shares in the company, valued at approximately $3,384,994. This trade represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,201 shares of company stock valued at $6,329,320. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Korn Ferry

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in Korn Ferry by 112.0% during the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 205 shares in the last quarter. CWM LLC boosted its holdings in Korn Ferry by 97.3% during the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Korn Ferry by 28.2% during the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 306 shares in the last quarter. Quarry LP boosted its holdings in shares of Korn Ferry by 149.1% in the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock worth $93,000 after acquiring an additional 826 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Korn Ferry in the 2nd quarter worth approximately $101,000. 98.82% of the stock is owned by institutional investors and hedge funds.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.