Schroder Investment Management Group Boosts Stock Holdings in Korn Ferry (NYSE:KFY)

Schroder Investment Management Group lifted its stake in Korn Ferry (NYSE:KFY) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,899 shares of the business services provider’s stock after buying an additional 4,187 shares during the period. Schroder Investment Management Group owned approximately 0.12% of Korn Ferry worth $4,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Korn Ferry by 193.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock worth $32,050,000 after purchasing an additional 281,024 shares during the period. Vestcor Inc increased its stake in shares of Korn Ferry by 323.7% in the third quarter. Vestcor Inc now owns 18,487 shares of the business services provider’s stock worth $1,391,000 after buying an additional 14,124 shares during the period. Principal Financial Group Inc. raised its holdings in Korn Ferry by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider’s stock valued at $20,463,000 after buying an additional 14,601 shares during the last quarter. Blue Trust Inc. boosted its position in Korn Ferry by 44.8% during the 4th quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider’s stock valued at $216,000 after buying an additional 991 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Korn Ferry by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,031 shares of the business services provider’s stock worth $91,587,000 after acquiring an additional 28,014 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th.

Korn Ferry Price Performance

Shares of Korn Ferry stock opened at $62.41 on Friday. The business has a 50 day moving average of $67.08 and a 200 day moving average of $70.31. Korn Ferry has a 52 week low of $59.78 and a 52 week high of $80.64. The company has a market cap of $3.22 billion, a PE ratio of 13.33 and a beta of 1.40. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.13 by $0.06. The business had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. As a group, equities research analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be issued a $0.48 dividend. The ex-dividend date is Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 3.08%. Korn Ferry’s dividend payout ratio (DPR) is 41.29%.

Korn Ferry 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.