Vanguard Group Inc. Has $425.55 Million Stock Position in Korn Ferry (NYSE:KFY)

Vanguard Group Inc. trimmed its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,309,106 shares of the business services provider's stock after selling 4,646 shares during the period. Vanguard Group Inc. owned 12.23% of Korn Ferry worth $425,549,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KFY. Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry during the fourth quarter valued at approximately $76,000. Smartleaf Asset Management LLC boosted its position in Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after acquiring an additional 963 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Korn Ferry in the fourth quarter worth $122,000. KBC Group NV increased its holdings in shares of Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock valued at $171,000 after purchasing an additional 1,033 shares during the period. Finally, Highland Capital Management LLC acquired a new position in shares of Korn Ferry during the fourth quarter valued at $201,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analyst Weigh In

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

Korn Ferry Price Performance

Shares of KFY stock traded down $1.88 during mid-day trading on Friday, hitting $62.41. 585,955 shares of the stock traded hands, compared to its average volume of 368,609. Korn Ferry has a twelve month low of $59.78 and a twelve month high of $80.64. 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 company's 50-day simple moving average is $67.08 and its 200-day simple moving average is $70.29. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 13.33 and a beta of 1.40.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its quarterly earnings results 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. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The firm had revenue of $676.50 million for the quarter, compared to analysts' expectations of $650.45 million. During the same period in the previous year, the business earned $1.07 earnings per share. Korn Ferry's revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Thursday, March 27th will be given a $0.48 dividend. This is a positive change 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 yield of 3.08%. Korn Ferry's payout ratio is 41.29%.

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.