762,849 Shares in Korn Ferry (NYSE:KFY) Bought by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in Korn Ferry (NYSE:KFY - Free Report) in the 4th quarter, according to its most recent 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 1.48% of Korn Ferry at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new position in Korn Ferry during the fourth quarter worth $76,000. Smartleaf Asset Management LLC lifted its position in Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after buying an additional 963 shares during the last quarter. Sterling Capital Management LLC lifted its position in Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after buying an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth about $122,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Korn Ferry during the fourth quarter worth about $162,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Price Performance

Korn Ferry stock traded up $0.75 during midday trading on Tuesday, reaching $68.54. 144,924 shares of the company were exchanged, compared to its average volume of 376,163. 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 has a market capitalization of $3.54 billion, a price-to-earnings ratio of 14.65 and a beta of 1.41. The firm's 50-day simple moving average is $64.95 and its 200-day simple moving average is $67.74. Korn Ferry has a 1 year low of $59.23 and a 1 year high of $80.64.

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

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.80%. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date was Thursday, March 27th. Korn Ferry's dividend payout ratio is presently 41.29%.

Wall Street Analysts Forecast Growth

KFY has been the topic of several analyst reports. Truist Financial reduced their target price on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen raised shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Finally, UBS Group reduced their target price on shares of Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th.

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.