Korn Ferry (NYSE:KFY) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in Korn Ferry (NYSE:KFY - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,899 shares of the business services provider's stock after purchasing an additional 4,187 shares during the quarter. Schroder Investment Management Group owned approximately 0.12% of Korn Ferry worth $4,148,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KFY. Norges Bank bought a new stake in Korn Ferry in the fourth quarter valued at about $42,360,000. JPMorgan Chase & Co. boosted its holdings in Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock valued at $32,050,000 after purchasing an additional 281,024 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after purchasing an additional 184,170 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Korn Ferry in the 4th quarter valued at $10,727,000. Finally, Barclays PLC boosted its stake in shares of Korn Ferry by 129.0% during the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock worth $18,053,000 after buying an additional 135,148 shares during the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Trading Down 2.5 %

Shares of Korn Ferry stock traded down $1.61 during trading on Thursday, reaching $62.51. The company's stock had a trading volume of 42,741 shares, compared to its average volume of 373,517. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 52-week low of $59.44 and a 52-week 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 firm's 50-day moving average is $66.16 and its two-hundred day moving average is $69.90.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly 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 business had revenue of $676.50 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. On average, sell-side analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, March 27th. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a yield of 3.07%. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.

Analyst Upgrades and Downgrades

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

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.