Algert Global LLC purchased a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,293 shares of the business services provider's stock, valued at approximately $414,000.
Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in shares of Kforce by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,307 shares of the business services provider's stock valued at $528,000 after purchasing an additional 889 shares in the last quarter. Barclays PLC increased its holdings in Kforce by 171.9% during the third quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock worth $2,591,000 after buying an additional 26,657 shares during the last quarter. Blue Trust Inc. increased its holdings in Kforce by 17.9% during the fourth quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after buying an additional 275 shares during the last quarter. Heritage Family Offices LLP purchased a new stake in Kforce during the fourth quarter worth about $258,000. Finally, Proficio Capital Partners LLC purchased a new stake in Kforce during the fourth quarter worth about $4,951,000. 92.77% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Kforce from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. StockNews.com downgraded shares of Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Truist Financial decreased their price objective on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a report on Tuesday, April 15th.
Check Out Our Latest Analysis on KFRC
Insider Transactions at Kforce
In other news, Director David L. Dunkel acquired 1,000 shares of Kforce stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average price of $37.80 per share, with a total value of $37,800.00. Following the completion of the purchase, the director now owns 517,329 shares in the company, valued at approximately $19,555,036.20. The trade was a 0.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.40% of the company's stock.
Kforce Price Performance
KFRC opened at $39.20 on Monday. The company has a market capitalization of $730.30 million, a price-to-earnings ratio of 14.63 and a beta of 0.74. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $45.72 and a 200-day moving average price of $52.51. Kforce Inc. has a twelve month low of $35.50 and a twelve month high of $71.48.
Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The business had revenue of $330.03 million during the quarter, compared to analysts' expectations of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. Kforce's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. Equities analysts expect that Kforce Inc. will post 2.7 EPS for the current year.
Kforce Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 3.98%. Kforce's payout ratio is 61.18%.
About Kforce
(
Free Report)
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.
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