Bridgewater Associates LP Has $1.67 Million Holdings in Korn Ferry (NYSE:KFY)

Bridgewater Associates LP boosted its position in Korn Ferry (NYSE:KFY) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,777 shares of the business services provider’s stock after buying an additional 1,128 shares during the period. Bridgewater Associates LP’s holdings in Korn Ferry were worth $1,671,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KFY. Summit Investment Advisors Inc. increased its stake in shares of Korn Ferry by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 225 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Korn Ferry by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider’s stock valued at $55,724,000 after buying an additional 438,644 shares during the period. Sterling Capital Management LLC increased its position in Korn Ferry by 828.3% in the 4th 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 in the last quarter. Capital Fund Management S.A. acquired a new position in Korn Ferry during the 4th quarter worth approximately $802,000. Finally, Invesco Ltd. boosted its holdings in Korn Ferry by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider’s stock worth $124,161,000 after acquiring an additional 97,811 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $60.70 on Friday. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 12.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Korn Ferry has a fifty-two week low of $59.44 and a fifty-two week high of $80.64. The firm’s 50-day simple moving average is $65.29 and its 200 day simple moving average is $69.39.

Korn Ferry (NYSE:KFY) last posted its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.06. The company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. As a group, research analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were given a dividend of $0.48 per share. 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 dividend yield of 3.16%. The ex-dividend date was Thursday, March 27th. Korn Ferry’s dividend payout ratio (DPR) is presently 41.29%.

Analysts Set New Price Targets

Separately, Truist Financial lowered 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.

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.