Korn/Ferry International (NYSE:KFY) has been the object of insider buying and selling activity recently. CEO Gary D. Burnison sold 118,837 shares at a price of $34.34 on Wed the 12th. Burnison now owns $5,621,458 of stock per an SEC filing yesterday. EVP, CFO & CCO Robert P. Rozek disclosed the sale of 10,000 shares. The shares were purchased at an average price of $34.35. Rozek now owns $2,792,037 of the stock per the Form 4 SEC filing.
Stephen D. Kaye, CEO of Hay Group purchased $97,700 worth of shares at an average price of $19.54 on June 29th. The CEO of Hay Group now owns $607,889 of the stock as reported to the SEC.
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..
The following firms have also recently changed their position in KFY. As of quarter end Hays Advisory LLC had sold a total of 12,877 shares trimming its stake by 11.1%. The value of the investment in Korn/Ferry International went from $3,644,000 to $3,552,000 a change of $92,000 quarter over quarter. As of the end of the quarter Capstone Asset Management Co had disposed of 1,150 shares trimming its position 7.8%. The value of the investment in (KFY) increased from $462,000 to $467,000 increasing 1.1% since the last quarter.
Morgan Stanley divested its stake by shedding 4,670 shares a decrease of 41.5% as of 03/31/2017. Morgan Stanley now controls 6,592 shares with a value of $208,000. The value of the position overall is down by 37.2%. As of the end of the quarter Goldman Sachs Group Inc had acquired 5,309 shares growing its holdings by 18.7%. The value in dollars went from $837,000 to $1,063,000 a change of 27.0% quarter to quarter.
On September 9 Baird kept the company rating at “Neutral” and lowered the price expectation from $27.00 to $26.00. Deutsche Bank began coverage giving it an initial rating of “Hold”.
On June 16 the company was downgraded from “” to “Neutral” and a price target of $27.00 was set by Baird. On March 1, 2016 the stock rating was changed to a “Market Perform” according to a William Blair report which is down from the previous “Outperform” rating.
June 12 investment analysts at Piper Jaffray held the stock rating at “Neutral” but moved up the price target to $37.00 from $36.00.
The company is trading up from yesterday’s close of $33.77. The company also announced a dividend for shareholders payable on Friday July 14th, 2017. The dividend payment will be $0.100 per share for the quarter which comes to $0.40 on an annualized basis. The dividend yield will be $1.16. The ex-dividend date will be on Wednesday June 28th, 2017.
It is trading at $34.26 which is just a bit higher than the 50 day moving average which is $33.02 and a tad above the 200 day moving average of $31.09. The 50 day moving average went up $1.24 or +3.75% and the 200 day average was up $3.17.
The P/E ratio is currently 23.37 and the market cap of the company is 1.95B. In the latest earnings report the EPS was $1.47 and is projected to be $2.44 for the current year with 56,954,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.64 with next year’s EPS projected to be $2.72.