Shares last traded at $41.83 a bit higher than the 50 day moving average of $39.39 and impressively higher than the 200 day moving average of $34.77. The 50 day moving average went up by +6.19% and the 200 day average was up $7.06. 322K shares changed hands in the last trading session. Overall, volume was up 25.29% over the stocks normal daily volume.
Short traders are feeling a little more bullish on Korn/Ferry International at least if you consider the fall in short interest. The firm had a fall in short interest between September 29, 2017 and October 13, 2017 of -18.31%. Short shares decreased 86,829 over that timeframe. The short-interest ratio decreased to 1.0 and the percentage of shorted shares is 0.01% as of October 13.
There has been some selling insider activity on Korn/Ferry International (NYSE:KFY) recently. Director Jerry Leamon sold 8,000 shares at an average price of $40.06 on October 3rd. That brings the Director’s holdings to $604,986 as reported to the SEC. Byrne K. Mulrooney, CEO of Futurestep sold $880,660 worth of shares at an average price of $40.03 on Mon the 2nd. The CEO of Futurestep now owns $3,280,659 of the stock as recorded in a recent Form 4 SEC filing.
These firms have modified their investment in KFY. As of quarter end Nj State Employees Deferred Compensation Plan had sold 40,000 shares trimming its stake by 80.0%. The value in dollars decreased from $1,727,000 to $394,000 a change of $1,333,000 quarter over quarter. Aperio Group, LLC cut its position by selling 253 shares a decrease of 1.3% in the quarter. Aperio Group, LLC now controls 19,521 shares with a value of $770,000. The total value of its holdings increased 12.7%.
Simplex Trading, LLC reduced its ownership by shedding 5,092 shares a decrease of 95.6% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC claims 237 shares worth $9,000. The value of the position overall is down by 95.1%. Baskin Financial Services Inc. trimmed its stake by selling 2,250 shares a decrease of 1.9% as of 09/30/2017. Baskin Financial Services Inc. currently owns 117,567 shares valued at $4,636,000. The value of the position overall is up by 12.1%.
The company is up by 3.00% since yesterday’s close of $41.83. The company recently announced a dividend which was paid on Friday October 13th, 2017. The dividend was $0.100 per share for the quarter which comes to $0.40 on an annualized basis. This dividend amount represented a yield of $0.98. The ex-dividend date was set for Tuesday the 26th of September 2017.
The most current P/E ratio is 21.87 and market cap is 2.36B. As of the latest earnings report the EPS was $1.91 and is estimated to be $2.45 for the current year with 56,492,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.58 with next year’s EPS anticipated to be $2.75.
Korn/Ferry International (Korn Ferry), launched on October 13, 1999, is a people and organizational advisory company. The Company and its subsidiaries are engaged in the business of providing talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services. Its segments include Executive Search, Hay Group and Futurestep. Its executive search business is managed on a geographic basis throughout various regions, such as North America, Europe, the Middle East and Africa (EMEA), Asia Pacific and Latin America. Hay Group and Futurestep are managed on a global basis with operations in North America, Europe, Asia Pacific and Latin America. The Company has a network of approximately 150 offices in over 50 countries across the world that enables it to meet the needs of its clients in all industries. Its clients include public and private companies, middle market and emerging growth companies, as well as government and nonprofit organizations..