Korn Ferry (NYSE:KFY) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in Korn Ferry (NYSE:KFY) by 1,846.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 886,993 shares of the business services provider’s stock after acquiring an additional 841,413 shares during the period. Thrivent Financial for Lutherans owned 1.71% of Korn Ferry worth $59,553,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in shares of Korn Ferry during the 4th quarter worth $29,000. CWM LLC increased its position in shares of Korn Ferry by 97.3% during the second quarter. CWM LLC now owns 890 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 439 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Korn Ferry by 90.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 503 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Korn Ferry by 40.1% in the 1st quarter. GAMMA Investing LLC now owns 1,086 shares of the business services provider’s stock worth $71,000 after acquiring an additional 311 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Korn Ferry during the 2nd quarter worth approximately $101,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on KFY. UBS Group boosted their target price on Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Robert W. Baird boosted their price objective on Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Truist Financial restated a “buy” rating and set a $78.00 target price (up from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. Finally, StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Korn Ferry Stock Down 1.1 %

Korn Ferry stock opened at $74.81 on Friday. The firm has a market capitalization of $3.88 billion, a P/E ratio of 23.23 and a beta of 1.54. The company has a current ratio of 2.15, a quick ratio of 1.83 and a debt-to-equity ratio of 0.23. Korn Ferry has a twelve month low of $44.45 and a twelve month high of $76.63. The stock’s fifty day simple moving average is $70.55 and its 200-day simple moving average is $66.70.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $682.80 million for the quarter, compared to the consensus estimate of $663.84 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. Korn Ferry’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, equities analysts expect that Korn Ferry will post 4.84 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 19th. Korn Ferry’s dividend payout ratio (DPR) is presently 45.96%.

Insider Buying and Selling at Korn Ferry

In other news, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the sale, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

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.