Korn Ferry (NYSE:KFY) Short Interest Update

Korn Ferry (NYSE:KFY) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 718,900 shares, a drop of 5.7% from the July 15th total of 762,400 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 354,900 shares, the days-to-cover ratio is presently 2.0 days.

Insider Buying and Selling at Korn Ferry

In related news, CEO Mark Arian sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $66.01, for a total transaction of $330,050.00. Following the sale, the chief executive officer now owns 91,484 shares of the company’s stock, valued at $6,038,858.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Korn Ferry

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Korn Ferry by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider’s stock valued at $417,868,000 after purchasing an additional 134,209 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Korn Ferry by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider’s stock valued at $220,296,000 after purchasing an additional 48,993 shares during the period. Allspring Global Investments Holdings LLC grew its position in Korn Ferry by 0.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,383,702 shares of the business services provider’s stock worth $90,992,000 after purchasing an additional 5,261 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Korn Ferry by 24.6% during the 1st quarter. Pzena Investment Management LLC now owns 1,118,694 shares of the business services provider’s stock worth $73,565,000 after purchasing an additional 220,564 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Korn Ferry by 1,846.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 886,993 shares of the business services provider’s stock worth $59,553,000 after purchasing an additional 841,413 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Korn Ferry Stock Performance

NYSE KFY opened at $69.16 on Monday. The company has a quick ratio of 1.83, a current ratio of 1.79 and a debt-to-equity ratio of 0.23. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $75.30. The business has a fifty day moving average of $68.10 and a 200-day moving average of $64.79. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 21.48 and a beta of 1.54.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. Korn Ferry had a return on equity of 13.18% and a net margin of 6.05%. The firm had revenue of $690.80 million during the quarter, compared to analysts’ expectations of $687.36 million. During the same quarter last year, the business posted $1.01 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, analysts predict that Korn Ferry will post 4.81 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 3rd were paid a $0.37 dividend. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, July 3rd. Korn Ferry’s payout ratio is currently 45.96%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Robert W. Baird boosted their target price on Korn Ferry from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Truist Financial reiterated a “buy” rating and issued a $78.00 price objective (up from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. UBS Group raised their target price on shares of Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Finally, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.00.

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.