Korn Ferry (NYSE:KFY) Shares Bought by Invesco Ltd.

Invesco Ltd. raised its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,840,784 shares of the business services provider's stock after acquiring an additional 97,811 shares during the quarter. Invesco Ltd. owned approximately 3.57% of Korn Ferry worth $124,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Korn Ferry by 193.9% during 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 in the last quarter. Principal Financial Group Inc. increased its position in Korn Ferry by 5.7% during the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock worth $20,463,000 after buying an additional 14,601 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Korn Ferry by 44.8% in the fourth quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock worth $216,000 after acquiring an additional 991 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Korn Ferry by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,217,031 shares of the business services provider's stock valued at $91,587,000 after acquiring an additional 28,014 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Korn Ferry by 14.2% in the fourth quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider's stock valued at $50,818,000 after acquiring an additional 93,591 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn Ferry Trading Down 1.6 %

NYSE KFY traded down $0.96 during mid-day trading on Friday, reaching $60.70. 427,321 shares of the stock were exchanged, compared to its average volume of 376,121. The business's fifty day simple moving average is $65.44 and its 200 day simple moving average is $69.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $3.13 billion, a PE ratio of 12.97 and a beta of 1.40. Korn Ferry has a 1-year low of $59.44 and a 1-year high of $80.64.

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

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio is currently 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price objective on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday.

About Korn Ferry

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.