Marshall Wace LLP Purchases Shares of 4,128 Korn Ferry (NYSE:KFY)

Marshall Wace LLP bought a new stake in Korn Ferry (NYSE:KFY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,128 shares of the business services provider's stock, valued at approximately $278,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bridgewater Associates LP boosted its holdings in shares of Korn Ferry by 4.8% during the 4th quarter. Bridgewater Associates LP now owns 24,777 shares of the business services provider's stock valued at $1,671,000 after acquiring an additional 1,128 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Korn Ferry by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider's stock valued at $366,000 after purchasing an additional 225 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Korn Ferry by 113.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after purchasing an additional 438,644 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Korn Ferry by 828.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock worth $113,000 after purchasing an additional 1,491 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of Korn Ferry in the fourth quarter valued at approximately $802,000. Institutional investors own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their target price on shares of 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 Trading Down 0.8 %

NYSE:KFY traded down $0.52 during trading hours on Friday, hitting $66.07. 204,145 shares of the company were exchanged, compared to its average volume of 376,683. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 14.12 and a beta of 1.41. Korn Ferry has a one year low of $59.23 and a one year high of $80.64. The company has a fifty day simple moving average of $64.49 and a 200 day simple moving average of $68.46. 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 (NYSE:KFY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. During the same period last year, the company earned $1.07 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. Sell-side analysts expect that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

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