Korn Ferry (NYSE:KFY) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,000 shares of the business services provider's stock after buying an additional 15,550 shares during the period. Price T Rowe Associates Inc. MD owned 0.20% of Korn Ferry worth $7,016,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Susquehanna International Group LLP increased its position in Korn Ferry by 96.8% during the fourth quarter. Susquehanna International Group LLP now owns 26,110 shares of the business services provider's stock valued at $1,761,000 after acquiring an additional 12,845 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Korn Ferry by 4.5% during the 4th quarter. MetLife Investment Management LLC now owns 31,312 shares of the business services provider's stock worth $2,112,000 after acquiring an additional 1,345 shares in the last quarter. Mesirow Institutional Investment Management Inc. lifted its holdings in shares of Korn Ferry by 9.0% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 198,383 shares of the business services provider's stock valued at $13,381,000 after acquiring an additional 16,357 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Korn Ferry during the 4th quarter valued at approximately $278,000. Finally, Bridgewater Associates LP boosted its position in shares of Korn Ferry by 4.8% during the fourth quarter. Bridgewater Associates LP now owns 24,777 shares of the business services provider's stock valued at $1,671,000 after buying an additional 1,128 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Trading Down 0.9 %

KFY traded down $0.60 during mid-day trading on Friday, hitting $65.99. 49,981 shares of the stock were exchanged, compared to its average volume of 376,268. The firm's fifty day moving average is $64.45 and its two-hundred day moving average is $68.49. 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 $59.23 and a 1-year high of $80.64. The company has a market cap of $3.40 billion, a PE ratio of 14.10 and a beta of 1.41.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.06. The firm 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 firm's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 earnings per share. Equities analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a $0.48 dividend. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date was Thursday, March 27th. This represents a $1.92 annualized dividend and a yield of 2.91%. Korn Ferry's dividend payout ratio is presently 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their target price on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

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.