Korn/Ferry International (KFY) To Go Ex-Dividend on September 26th
Korn/Ferry International (NYSE:KFY) announced a quarterly dividend on Thursday, September 7th, Zacks reports. Shareholders of record on Wednesday, September 27th will be given a dividend of 0.10 per share by the business services provider on Friday, October 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, September 26th.
Korn/Ferry International (NYSE KFY) opened at 38.43 on Monday. The firm has a 50 day moving average of $33.69 and a 200-day moving average of $32.86. Korn/Ferry International has a 1-year low of $19.94 and a 1-year high of $38.50. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 20.09 and a beta of 1.39.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $401.25 million for the quarter, compared to the consensus estimate of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. On average, equities research analysts anticipate that Korn/Ferry International will post $2.45 earnings per share for the current fiscal year.
In other news, CEO Gary D. Burnison sold 40,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $34.73, for a total value of $1,389,200.00. Following the sale, the chief executive officer now directly owns 251,485 shares of the company’s stock, valued at approximately $8,734,074.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Burnison sold 58,837 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $34.41, for a total transaction of $2,024,581.17. Following the completion of the sale, the chief executive officer now directly owns 251,485 shares in the company, valued at $8,653,598.85. The disclosure for this sale can be found here. Insiders sold a total of 183,837 shares of company stock worth $6,336,501 over the last ninety days. Insiders own 1.01% of the company’s stock.
A number of research firms have recently weighed in on KFY. Deutsche Bank AG upped their target price on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. SunTrust Banks, Inc. upped their target price on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. BidaskClub downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Sidoti began coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They issued a “buy” rating and a $43.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.25.
Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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