Invesco Ltd. Has $124.16 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Invesco Ltd. raised its position in shares of Korn Ferry (NYSE:KFY) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,840,784 shares of the business services provider’s stock after acquiring an additional 97,811 shares during the period. Invesco Ltd.’s holdings in Korn Ferry were worth $124,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC bought a new position in shares of Korn Ferry in the 4th quarter valued at $76,000. Smartleaf Asset Management LLC grew its position in Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 963 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Korn Ferry during the fourth quarter worth about $122,000. New Age Alpha Advisors LLC bought a new position in shares of Korn Ferry in the fourth quarter worth about $162,000. Finally, KBC Group NV boosted its stake in shares of Korn Ferry by 68.5% in the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,033 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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 Price Performance

Korn Ferry stock opened at $64.01 on Friday. The stock has a 50-day moving average price of $65.90 and a two-hundred day moving average price of $69.77. Korn Ferry has a 12 month low of $59.44 and a 12 month high of $80.64. The company has a market capitalization of $3.30 billion, a PE ratio of 13.68 and a beta of 1.40. 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) last issued its quarterly earnings data 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. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. During the same quarter last year, the business earned $1.07 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Korn Ferry will post 4.75 EPS for the current year.

Korn Ferry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be paid a $0.48 dividend. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 3.00%. Korn Ferry’s payout ratio is currently 41.29%.

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.