Thrivent Financial for Lutherans Buys 13,670 Shares of Korn/Ferry International $KFY

Thrivent Financial for Lutherans grew its stake in shares of Korn/Ferry International (NYSE:KFY) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 850,032 shares of the business services provider’s stock after acquiring an additional 13,670 shares during the period. Thrivent Financial for Lutherans owned about 1.63% of Korn/Ferry International worth $56,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KFY. Kestra Investment Management LLC raised its stake in shares of Korn/Ferry International by 71.8% during the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 242 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Korn/Ferry International by 200.0% in the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Federated Hermes Inc. raised its stake in Korn/Ferry International by 160.4% in the third quarter. Federated Hermes Inc. now owns 664 shares of the business services provider’s stock worth $46,000 after buying an additional 409 shares in the last quarter. Torren Management LLC bought a new position in Korn/Ferry International in the fourth quarter worth approximately $52,000. Finally, Danske Bank A S bought a new position in Korn/Ferry International in the third quarter worth approximately $56,000. Institutional investors own 98.82% of the company’s stock.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY opened at $63.83 on Friday. The firm has a 50 day moving average of $64.04 and a 200 day moving average of $65.25. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $78.50. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 12.62 and a beta of 1.22.

Korn/Ferry International (NYSE:KFY) last released its quarterly earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. The business had revenue of $725.04 million for the quarter, compared to analyst estimates of $692.45 million. During the same period in the previous year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Korn/Ferry International has set its Q4 2026 guidance at 1.340-1.400 EPS. On average, sell-side analysts predict that Korn/Ferry International will post 5.29 earnings per share for the current fiscal year.

Korn/Ferry International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th were issued a $0.55 dividend. This is an increase from Korn/Ferry International’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, March 27th. Korn/Ferry International’s dividend payout ratio is presently 43.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Weiss Ratings downgraded shares of Korn/Ferry International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Truist Financial reduced their price objective on shares of Korn/Ferry International from $88.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Korn/Ferry International has an average rating of “Moderate Buy” and an average target price of $73.00.

Korn/Ferry International Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.