Dynamic Technology Lab Private Ltd Takes Position in Korn Ferry (NYSE:KFY)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Korn Ferry (NYSE:KFY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,690 shares of the business services provider's stock, valued at approximately $518,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KFY. FMR LLC increased its position in shares of Korn Ferry by 59.3% in the third quarter. FMR LLC now owns 4,608 shares of the business services provider's stock worth $347,000 after acquiring an additional 1,716 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Korn Ferry by 17.3% during the third quarter. HighTower Advisors LLC now owns 5,430 shares of the business services provider's stock worth $407,000 after purchasing an additional 800 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Korn Ferry by 25.4% in the third quarter. Point72 Asset Management L.P. now owns 12,418 shares of the business services provider's stock worth $934,000 after buying an additional 2,518 shares during the period. State Street Corp raised its holdings in shares of Korn Ferry by 2.0% during the 3rd quarter. State Street Corp now owns 2,069,906 shares of the business services provider's stock valued at $156,503,000 after buying an additional 40,240 shares during the period. Finally, MML Investors Services LLC acquired a new stake in Korn Ferry in the third quarter valued at approximately $209,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th.

Korn Ferry Stock Up 1.3 %

NYSE KFY traded up $0.86 during trading hours on Monday, reaching $64.82. 20,950 shares of the company traded hands, compared to its average volume of 373,971. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 12 month low of $59.44 and a 12 month high of $80.64. The company has a 50 day moving average of $65.90 and a two-hundred day moving average of $69.75. The stock has a market capitalization of $3.34 billion, a PE ratio of 13.85 and a beta of 1.40.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.13 by $0.06. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same quarter last year, the business earned $1.07 earnings per share. Korn Ferry's revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently declared 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 of this dividend is Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 2.96%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio is currently 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.