Price T Rowe Associates Inc. MD Raises Stake in Korn Ferry (NYSE:KFY)

Price T Rowe Associates Inc. MD increased its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 about 0.20% of Korn Ferry worth $7,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its position in Korn Ferry by 129.0% during the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock valued at $18,053,000 after purchasing an additional 135,148 shares during the period. Franklin Resources Inc. raised its stake in Korn Ferry by 7.1% in the third quarter. Franklin Resources Inc. now owns 25,133 shares of the business services provider's stock worth $1,824,000 after buying an additional 1,663 shares in the last quarter. Principal Financial Group Inc. boosted its position in Korn Ferry by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock valued at $20,463,000 after acquiring an additional 14,601 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Korn Ferry by 193.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock valued at $32,050,000 after acquiring an additional 281,024 shares in the last quarter. Finally, Heritage Family Offices LLP increased its holdings in shares of Korn Ferry by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock valued at $260,000 after acquiring an additional 259 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial dropped their price objective 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.

Korn Ferry Stock Up 0.9 %

NYSE KFY traded up $0.60 on Wednesday, hitting $64.39. The stock had a trading volume of 252,453 shares, compared to its average volume of 378,829. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64. The business's fifty day moving average price is $64.41 and its 200 day moving average price is $68.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 13.76 and a beta of 1.41.

Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings results 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. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $676.50 million during the quarter, compared to analysts' expectations of $650.45 million. During the same period last year, the business posted $1.07 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current 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. This is an increase from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's payout ratio is presently 41.29%.

Korn Ferry 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.