Azzad Asset Management Inc. ADV Buys Shares of 16,547 Korn Ferry (NYSE:KFY)

Azzad Asset Management Inc. ADV bought a new position in Korn Ferry (NYSE:KFY - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 16,547 shares of the business services provider's stock, valued at approximately $1,122,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KFY. Versant Capital Management Inc lifted its stake in Korn Ferry by 75.9% in the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock worth $35,000 after acquiring an additional 223 shares during the period. CX Institutional bought a new stake in shares of Korn Ferry in the 1st quarter valued at about $39,000. Wealthfront Advisers LLC purchased a new stake in shares of Korn Ferry in the 4th quarter worth approximately $76,000. Smartleaf Asset Management LLC boosted its stake in shares of Korn Ferry by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after purchasing an additional 963 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Korn Ferry by 828.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after buying an additional 1,491 shares during the period. Institutional investors own 98.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KFY. UBS Group lowered their target price on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Truist Financial reduced their price target on Korn Ferry from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Wall Street Zen raised Korn Ferry from a "buy" rating to a "strong-buy" rating in a research report on Sunday.

Korn Ferry Stock Down 3.4%

Shares of Korn Ferry stock opened at $66.46 on Friday. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64. The firm's 50 day moving average price is $65.62 and its 200-day moving average price is $67.31. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.43 billion, a P/E ratio of 14.20 and a beta of 1.42.

Korn Ferry 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.

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