Thrivent Financial for Lutherans Buys 62,385 Shares of Korn Ferry (NYSE:KFY)

Thrivent Financial for Lutherans raised its stake in Korn Ferry (NYSE:KFY - Free Report) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 949,378 shares of the business services provider's stock after buying an additional 62,385 shares during the period. Thrivent Financial for Lutherans owned approximately 1.83% of Korn Ferry worth $71,431,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Korn Ferry by 2.2% in the first quarter. Vanguard Group Inc. now owns 6,354,443 shares of the business services provider's stock valued at $417,868,000 after buying an additional 134,209 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Korn Ferry by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,186 shares of the business services provider's stock worth $220,296,000 after purchasing an additional 48,993 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Korn Ferry by 3.6% during the 3rd quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider's stock valued at $59,990,000 after acquiring an additional 27,773 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Korn Ferry during the 2nd quarter valued at $28,590,000. Finally, Tributary Capital Management LLC grew its holdings in shares of Korn Ferry by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 355,690 shares of the business services provider's stock valued at $23,881,000 after acquiring an additional 1,046 shares in the last quarter. Institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Up 0.2 %

Shares of Korn Ferry stock traded up $0.15 on Monday, hitting $75.38. 185,832 shares of the company traded hands, compared to its average volume of 351,730. The company has a 50-day moving average price of $72.94 and a 200 day moving average price of $69.56. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. Korn Ferry has a 12-month low of $50.54 and a 12-month high of $80.64. The company has a market cap of $3.92 billion, a PE ratio of 21.54 and a beta of 1.55.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The firm had revenue of $682.80 million during the quarter, compared to analyst estimates of $663.84 million. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The business's revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. Sell-side analysts predict that Korn Ferry will post 4.84 earnings per share for the current year.

Korn Ferry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, September 19th. Korn Ferry's dividend payout ratio is currently 42.29%.

Insider Buying and Selling

In other Korn Ferry news, CFO Robert P. Rozek sold 20,921 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 154,535 shares of the company's stock, valued at approximately $11,672,028.55. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Debra J. Perry sold 5,280 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total transaction of $387,024.00. Following the sale, the director now directly owns 46,180 shares in the company, valued at $3,384,994. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock valued at $6,329,320 over the last quarter. Corporate insiders own 1.40% 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.