Thrivent Financial for Lutherans Sells 385,396 Shares of Korn/Ferry International $KFY

Thrivent Financial for Lutherans decreased its position in Korn/Ferry International (NYSE:KFY) by 33.1% during the 2nd quarter, Holdings Channel reports. The firm owned 779,715 shares of the business services provider’s stock after selling 385,396 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Korn/Ferry International were worth $57,177,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC grew its stake in 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 worth $42,000 after buying an additional 242 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Korn/Ferry International by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 176,045 shares of the business services provider’s stock worth $12,909,000 after acquiring an additional 12,474 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Korn/Ferry International by 332.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,529 shares of the business services provider’s stock worth $479,000 after acquiring an additional 5,018 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Korn/Ferry International by 3.1% during the 2nd quarter. Corient Private Wealth LLC now owns 33,924 shares of the business services provider’s stock valued at $2,488,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in Korn/Ferry International in the 2nd quarter valued at $441,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Korn/Ferry International Stock Up 1.7%

NYSE KFY opened at $69.89 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.14 and a current ratio of 2.14. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $78.50. The stock has a market capitalization of $3.65 billion, a P/E ratio of 14.18 and a beta of 1.34. The stock has a fifty day moving average of $67.03 and a 200-day moving average of $70.36.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Tuesday, December 9th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.02. The business had revenue of $729.80 million for the quarter, compared to analysts’ expectations of $705.16 million. Korn/Ferry International had a return on equity of 14.53% and a net margin of 9.21%.The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. Korn/Ferry International has set its Q3 2026 guidance at 1.19-1.250 EPS. On average, equities research analysts forecast that Korn/Ferry International will post 4.75 EPS for the current year.

Korn/Ferry International declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 18th that allows the company to repurchase $331.40 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Korn/Ferry International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 19th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, December 19th. Korn/Ferry International’s payout ratio is 38.95%.

Analyst Ratings Changes

KFY has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Korn/Ferry International in a research note on Friday, October 31st. The Goldman Sachs Group reduced their price target on shares of Korn/Ferry International from $85.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.67.

Korn/Ferry International 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.