Korn Ferry (KFY) To Go Ex-Dividend on December 20th

Korn Ferry (NYSE:KFY) announced a quarterly dividend on Wednesday, December 4th,Wall Street Journal reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.37 per share by the business services provider on Wednesday, January 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, December 20th.

Korn Ferry has increased its dividend by an average of 28.1% per year over the last three years. Korn Ferry has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Korn Ferry to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 27.6%.

Korn Ferry Stock Performance

Shares of NYSE KFY opened at $69.37 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.15. Korn Ferry has a one year low of $54.77 and a one year high of $80.64. The business’s 50-day moving average price is $73.86 and its two-hundred day moving average price is $71.00. The company has a market capitalization of $3.58 billion, a P/E ratio of 14.82 and a beta of 1.56.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Thursday, December 5th. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The firm had revenue of $682.00 million for the quarter, compared to analyst estimates of $675.35 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Insider Activity at Korn Ferry

In other news, CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the transaction, the chief financial officer now owns 154,535 shares in the company, valued at approximately $11,672,028.55. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary D. Burnison sold 16,274 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $74.05, for a total transaction of $1,205,089.70. Following the completion of the sale, the chief executive officer now owns 356,844 shares of the company’s stock, valued at approximately $26,424,298.20. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,201 shares of company stock worth $7,774,120 in the last 90 days. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial increased their price objective on Korn Ferry from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.00.

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.