Algert Global LLC Makes New $414,000 Investment in Kforce Inc. (NASDAQ:KFRC)

Algert Global LLC bought a new stake in Kforce Inc. (NASDAQ:KFRC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,293 shares of the business services provider's stock, valued at approximately $414,000.

Several other large investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in shares of Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after buying an additional 666 shares during the period. Blue Trust Inc. boosted its stake in Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after purchasing an additional 275 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Kforce by 23.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock worth $144,000 after purchasing an additional 485 shares in the last quarter. QRG Capital Management Inc. bought a new position in Kforce in the 4th quarter worth about $206,000. Finally, Callan Family Office LLC purchased a new position in Kforce in the 4th quarter worth about $207,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Kforce Stock Performance

Shares of Kforce stock traded down $0.03 on Friday, reaching $41.91. 21,492 shares of the stock were exchanged, compared to its average volume of 145,982. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a twelve month low of $35.50 and a twelve month high of $71.48. The firm has a market capitalization of $780.78 million, a price-to-earnings ratio of 15.65 and a beta of 0.74. The business has a 50 day moving average price of $44.99 and a two-hundred day moving average price of $52.17.

Kforce (NASDAQ:KFRC - Get Free Report) last released its earnings results on Monday, April 28th. The business services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The firm had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. Analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, June 13th. Kforce's dividend payout ratio is currently 61.18%.

Insider Activity at Kforce

In related news, Director David L. Dunkel purchased 1,000 shares of Kforce stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost of $37.80 per share, for a total transaction of $37,800.00. Following the completion of the transaction, the director now owns 517,329 shares in the company, valued at $19,555,036.20. The trade was a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 4.40% of the stock is owned by company insiders.

Analyst Ratings Changes

KFRC has been the subject of several research reports. StockNews.com lowered shares of Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial lowered their target price on Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group decreased their price target on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.