Korn Ferry (NYSE:KFY) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 713,500 shares, a decline of 14.8% from the May 30th total of 837,300 shares. Based on an average daily trading volume, of 345,500 shares, the short-interest ratio is currently 2.1 days. Currently, 1.3% of the company’s stock are short sold.
Shares of NYSE:KFY traded up $0.87 on Friday, hitting $39.49. The company had a trading volume of 406,571 shares, compared to its average volume of 601,094. Korn Ferry has a 1-year low of $37.08 and a 1-year high of $68.98. The company has a market cap of $2.23 billion, a PE ratio of 11.93 and a beta of 1.16. The stock’s 50 day moving average is $42.69. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.18.
Korn Ferry (NYSE:KFY) last released its quarterly earnings data on Thursday, June 20th. The business services provider reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. Korn Ferry had a net margin of 5.20% and a return on equity of 15.68%. The firm had revenue of $490.76 million for the quarter, compared to the consensus estimate of $496.76 million. During the same period in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts predict that Korn Ferry will post 3.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.01%. Korn Ferry’s dividend payout ratio is currently 12.08%.
A number of brokerages recently weighed in on KFY. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a report on Tuesday, June 25th. SunTrust Banks decreased their price objective on shares of Carnival to $65.00 and set a “buy” rating on the stock in a report on Friday, June 21st. Finally, ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.33.
Large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC grew its stake in shares of Korn Ferry by 42.3% in the fourth quarter. Squarepoint Ops LLC now owns 41,502 shares of the business services provider’s stock valued at $1,641,000 after acquiring an additional 12,340 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Korn Ferry by 13.9% in the first quarter. Acadian Asset Management LLC now owns 75,052 shares of the business services provider’s stock valued at $3,361,000 after acquiring an additional 9,147 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Korn Ferry by 1,403.1% in the first quarter. Parallel Advisors LLC now owns 1,969 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 1,838 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Korn Ferry by 42.4% in the first quarter. Federated Investors Inc. PA now owns 268,545 shares of the business services provider’s stock valued at $12,026,000 after acquiring an additional 80,018 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of Korn Ferry in the first quarter valued at about $880,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.
About Korn Ferry
Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. 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 consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.
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