Thrivent Financial for Lutherans Increases Stock Position in Korn Ferry (NYSE:KFY)

Thrivent Financial for Lutherans raised its position in shares of Korn Ferry (NYSE:KFY - Free Report) by 19.4% during the fourth 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 acquiring an additional 184,170 shares during the quarter. Thrivent Financial for Lutherans owned about 2.20% of Korn Ferry worth $76,458,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new position in shares of Korn Ferry in the 4th quarter valued at about $76,000. Smartleaf Asset Management LLC lifted its stake 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 buying an additional 963 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Korn Ferry during the 4th quarter worth approximately $122,000. KBC Group NV grew its position in shares of Korn Ferry by 68.5% during the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock worth $171,000 after buying an additional 1,033 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in shares of Korn Ferry during the 4th quarter worth approximately $201,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Down 0.8 %

Shares of KFY traded down $0.51 during trading hours on Friday, reaching $66.37. The stock had a trading volume of 2,455,867 shares, compared to its average volume of 340,752. Korn Ferry has a 12 month low of $59.78 and a 12 month high of $80.64. The firm has a 50-day simple moving average of $67.60 and a 200 day simple moving average of $70.50. 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 company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 14.18 and a beta of 1.57.

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Korn Ferry (NYSE:KFY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share. Equities research analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be issued 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 yield of 2.89%. The ex-dividend date is Thursday, March 27th. Korn Ferry's payout ratio is currently 41.29%.

Analyst Ratings Changes

KFY has been the subject of a number of research reports. StockNews.com upgraded shares of Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th. Truist Financial increased their price objective on shares of 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 Company 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.