Wellington Management Group LLP Acquires New Position in Korn Ferry (NYSE:KFY)

Wellington Management Group LLP bought a new position in Korn Ferry (NYSE:KFY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 762,849 shares of the business services provider's stock, valued at approximately $51,454,000. Wellington Management Group LLP owned about 1.48% of Korn Ferry at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in Korn Ferry by 31.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,093 shares of the business services provider's stock worth $748,000 after purchasing an additional 2,624 shares during the period. Schroder Investment Management Group increased its stake in Korn Ferry by 7.3% in the 4th quarter. Schroder Investment Management Group now owns 61,899 shares of the business services provider's stock worth $4,148,000 after purchasing an additional 4,187 shares during the period. New Age Alpha Advisors LLC purchased a new position in Korn Ferry in the 4th quarter worth approximately $162,000. Norges Bank purchased a new position in Korn Ferry in the 4th quarter worth approximately $42,360,000. Finally, Loomis Sayles & Co. L P increased its stake in Korn Ferry by 2.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 415,488 shares of the business services provider's stock worth $28,024,000 after purchasing an additional 8,058 shares during the period. Institutional investors own 98.82% of the company's stock.

Wall Street Analyst Weigh In

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

Korn Ferry Trading Down 2.6 %

NYSE KFY traded down $1.69 during trading on Thursday, hitting $62.43. The company had a trading volume of 42,741 shares, compared to its average volume of 373,518. 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 one year low of $59.44 and a one year high of $80.64. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 13.36 and a beta of 1.40. The company's fifty day moving average is $66.16 and its 200-day moving average is $69.90.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The firm had revenue of $676.50 million for the quarter, compared to the consensus estimate 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 was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. On average, sell-side analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, March 27th. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.08%. Korn Ferry's dividend payout ratio is currently 41.29%.

Korn Ferry Company 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.