Thrivent Financial for Lutherans Grows Stake in Korn/Ferry International $KFY

Thrivent Financial for Lutherans grew its position in Korn/Ferry International (NYSE:KFY) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 850,032 shares of the business services provider’s stock after purchasing an additional 13,670 shares during the period. Thrivent Financial for Lutherans’ holdings in Korn/Ferry International were worth $56,119,000 as of its most recent SEC filing.

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

Korn/Ferry International Price Performance

Shares of KFY opened at $63.83 on Friday. Korn/Ferry International has a 1-year low of $58.95 and a 1-year high of $78.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $3.31 billion, a PE ratio of 12.62 and a beta of 1.22. The company’s fifty day moving average price is $64.04 and its 200-day moving average price is $65.25.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Monday, March 9th. The business services provider reported $1.28 EPS for the quarter, beating 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 company had revenue of $725.04 million for the quarter, compared to analyst estimates of $692.45 million. During the same period in the prior year, the company earned $1.19 earnings per share. The firm’s revenue 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, equities research analysts predict that Korn/Ferry International will post 5.29 EPS for the current year.

Korn/Ferry International Increases Dividend

The firm 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. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from Korn/Ferry International’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 3.4%. Korn/Ferry International’s dividend payout ratio is currently 43.48%.

Wall Street Analysts Forecast Growth

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

About Korn/Ferry International

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.