Thrivent Financial for Lutherans Purchases 184,170 Shares of Korn Ferry (NYSE:KFY)

Thrivent Financial for Lutherans lifted its position in Korn Ferry (NYSE:KFY) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,133,548 shares of the business services provider’s stock after purchasing an additional 184,170 shares during the quarter. Thrivent Financial for Lutherans owned about 2.20% of Korn Ferry worth $76,458,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Korn Ferry by 1.2% in the fourth quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock worth $1,018,000 after purchasing an additional 176 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Korn Ferry by 7.4% in the fourth quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock worth $245,000 after purchasing an additional 249 shares during the last quarter. Heritage Family Offices LLP increased its holdings in shares of Korn Ferry by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock worth $260,000 after purchasing an additional 259 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Korn Ferry by 1.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider’s stock worth $1,874,000 after purchasing an additional 343 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Korn Ferry by 3.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,443 shares of the business services provider’s stock worth $861,000 after acquiring an additional 433 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Truist Financial lifted their price target on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

Korn Ferry Trading Up 0.0 %

KFY opened at $67.49 on Wednesday. The firm has a market cap of $3.48 billion, a P/E ratio of 14.42 and a beta of 1.57. Korn Ferry has a 12 month low of $59.78 and a 12 month high of $80.64. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $67.53 and a 200 day moving average of $70.60.

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

Korn Ferry Increases Dividend

The firm also recently announced 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. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s payout ratio is 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.