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

Thrivent Financial for Lutherans grew its stake in Korn Ferry (NYSE:KFY) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 949,378 shares of the business services provider’s stock after acquiring an additional 62,385 shares during the period. Thrivent Financial for Lutherans owned 1.83% of Korn Ferry worth $71,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KFY. Arizona State Retirement System lifted its holdings in Korn Ferry by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 14,608 shares of the business services provider’s stock worth $981,000 after buying an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Korn Ferry by 112.0% during the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Korn Ferry by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 14,320 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 229 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Korn Ferry by 1.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 15,210 shares of the business services provider’s stock worth $1,144,000 after purchasing an additional 231 shares during the period. Finally, Simplicity Wealth LLC increased its position in Korn Ferry by 4.8% in the third quarter. Simplicity Wealth LLC now owns 6,146 shares of the business services provider’s stock worth $462,000 after purchasing an additional 283 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Korn Ferry

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

Korn Ferry Stock Performance

Korn Ferry stock opened at $75.23 on Monday. The company has a market cap of $3.91 billion, a PE ratio of 21.49 and a beta of 1.55. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. Korn Ferry has a 1 year low of $49.95 and a 1 year high of $80.64. The company’s 50-day moving average is $72.82 and its two-hundred day moving average is $69.46.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $663.84 million. During the same period in the prior year, the business posted $0.99 earnings per share. Korn Ferry’s revenue was down 3.3% compared to the same quarter last year. Equities analysts anticipate 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. Investors of record on Thursday, September 19th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.97%. Korn Ferry’s dividend payout ratio (DPR) 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.