Thrivent Financial for Lutherans Has $71.43 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Thrivent Financial for Lutherans raised its stake in Korn Ferry (NYSE:KFY) by 7.0% during the third quarter, according to the company in 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 quarter. Thrivent Financial for Lutherans’ holdings in Korn Ferry were worth $71,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KFY. Seizert Capital Partners LLC lifted its position in Korn Ferry by 21.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 72,496 shares of the business services provider’s stock valued at $5,455,000 after acquiring an additional 13,017 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Korn Ferry by 2.3% in the 3rd quarter. Natixis Advisors LLC now owns 43,423 shares of the business services provider’s stock valued at $3,267,000 after purchasing an additional 986 shares during the period. Empowered Funds LLC bought a new stake in shares of Korn Ferry in the third quarter valued at about $1,214,000. Victory Capital Management Inc. boosted its position in shares of Korn Ferry by 3.6% during the third quarter. Victory Capital Management Inc. now owns 797,315 shares of the business services provider’s stock worth $59,990,000 after buying an additional 27,773 shares during the period. Finally, Meritage Portfolio Management raised its position in Korn Ferry by 9.3% in the 3rd quarter. Meritage Portfolio Management now owns 5,019 shares of the business services provider’s stock valued at $378,000 after buying an additional 428 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Insider Activity at Korn Ferry

In other Korn Ferry news, CEO Gary D. Burnison sold 38,726 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $72.18, for a total value of $2,795,242.68. Following the completion of the sale, the chief executive officer now owns 273,118 shares in the company, valued at $19,713,657.24. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry 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 completion of the transaction, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,201 shares of company stock valued at $6,329,320. Insiders own 1.40% of the company’s stock.

Korn Ferry Trading Down 1.6 %

NYSE KFY opened at $75.23 on Monday. Korn Ferry has a 52 week low of $49.95 and a 52 week high of $80.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s 50 day moving average price is $72.82 and its two-hundred day moving average price is $69.46. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.49 and a beta of 1.55.

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

Korn Ferry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 19th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.97%. Korn Ferry’s payout ratio is presently 42.29%.

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.