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

Azzad Asset Management Inc. ADV bought a new position in Korn/Ferry International (NYSE:KFY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,547 shares of the business services provider's stock, valued at approximately $1,122,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Korn/Ferry International 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 last quarter. CX Institutional bought a new position in shares of Korn/Ferry International in the first quarter worth about $39,000. Wealthfront Advisers LLC bought a new position in Korn/Ferry International in the 4th quarter valued at approximately $76,000. Smartleaf Asset Management LLC raised its holdings in Korn/Ferry International by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after buying an additional 963 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Korn/Ferry International by 828.3% in the 4th 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 last quarter. Institutional investors own 98.82% of the company's stock.

Analyst Ratings Changes

KFY has been the subject of a number of research reports. Wall Street Zen upgraded shares of Korn/Ferry International from a "buy" rating to a "strong-buy" rating in a report on Sunday. Truist Financial dropped their price objective on shares of Korn/Ferry International from $84.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, UBS Group dropped their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th.

Korn/Ferry International Trading Up 7.4%

NYSE KFY traded up $4.94 during trading hours on Wednesday, reaching $71.70. The company's stock had a trading volume of 1,284,621 shares, compared to its average volume of 380,170. The firm has a fifty day simple moving average of $65.82 and a 200-day simple moving average of $67.15. The stock has a market cap of $3.70 billion, a P/E ratio of 15.42 and a beta of 1.42. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.90.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its earnings results on Wednesday, June 18th. The business services provider reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.06. The business had revenue of $712.05 million during the quarter, compared to the consensus estimate of $690.07 million. Korn/Ferry International had a net margin of 9.01% and a return on equity of 14.52%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Equities analysts forecast that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.68%. Korn/Ferry International's dividend payout ratio is presently 41.29%.

About Korn/Ferry International

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.