Integrated Quantitative Investments LLC Acquires New Position in Korn Ferry (NYSE:KFY)

Integrated Quantitative Investments LLC acquired a new position in shares of Korn Ferry (NYSE:KFY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,700 shares of the business services provider's stock, valued at approximately $1,733,000. Korn Ferry makes up approximately 0.9% of Integrated Quantitative Investments LLC's investment portfolio, making the stock its 6th largest position.

Other hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its holdings in Korn Ferry by 1.2% during the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider's stock valued at $1,018,000 after buying an additional 176 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Korn Ferry by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider's stock valued at $245,000 after acquiring an additional 249 shares during the last quarter. Heritage Family Offices LLP increased its position in Korn Ferry by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock worth $260,000 after purchasing an additional 259 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Korn Ferry by 1.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider's stock valued at $1,874,000 after purchasing an additional 343 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Korn Ferry by 3.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider's stock valued at $861,000 after purchasing an additional 433 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Up 1.0 %

Shares of KFY traded up $0.62 during midday trading on Wednesday, reaching $60.91. 156,267 shares of the company were exchanged, compared to its average volume of 372,252. 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 1-year low of $59.44 and a 1-year high of $80.64. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 12.87 and a beta of 1.40. The stock has a 50-day moving average price of $66.44 and a 200-day moving average price of $70.01.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (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 during the quarter, compared to the consensus estimate of $650.45 million. During the same quarter last year, the company earned $1.07 earnings per share. Korn Ferry's revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be paid a $0.48 dividend. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. Korn Ferry's payout ratio is 41.29%.

Wall Street Analyst Weigh In

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 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.