Aptus Capital Advisors LLC raised its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,290 shares of the business services provider's stock after buying an additional 19,475 shares during the period. Aptus Capital Advisors LLC owned 0.56% of Kforce worth $6,027,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Kforce by 171.9% in the third quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock valued at $2,591,000 after buying an additional 26,657 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake 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 during the last quarter. Heritage Family Offices LLP acquired a new stake in shares of Kforce in the fourth quarter valued at approximately $258,000. Annex Advisory Services LLC lifted its holdings in Kforce by 59.2% during the 4th quarter. Annex Advisory Services LLC now owns 19,436 shares of the business services provider's stock worth $1,102,000 after buying an additional 7,225 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Kforce by 2.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 34,523 shares of the business services provider's stock valued at $1,957,000 after buying an additional 708 shares during the period. 92.77% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently issued reports on KFRC. Truist Financial cut their price target on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. StockNews.com lowered shares of Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, UBS Group lowered their target price 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.
Check Out Our Latest Research Report on KFRC
Kforce Trading Up 0.5 %
Shares of NASDAQ KFRC traded up $0.20 during midday trading on Friday, reaching $39.83. 49,108 shares of the stock were exchanged, compared to its average volume of 127,292. The company has a market capitalization of $742.03 million, a price-to-earnings ratio of 14.86 and a beta of 0.74. Kforce Inc. has a 12 month low of $35.50 and a 12 month high of $71.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The business has a 50-day simple moving average of $45.92 and a two-hundred day simple moving average of $52.64.
Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). Kforce had a return on equity of 30.34% and a net margin of 3.59%. The business had revenue of $330.03 million during the quarter, compared to the consensus estimate of $334.61 million. During the same quarter last year, the company earned $0.58 earnings per share. The firm's revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Kforce Inc. will post 2.7 EPS for the current year.
Kforce Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.92%. Kforce's payout ratio is presently 61.18%.
Insider Activity at Kforce
In other Kforce news, Director David L. Dunkel acquired 1,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $37.80 per share, with a total value of $37,800.00. Following the completion of the transaction, the director now directly owns 517,329 shares in the company, valued at $19,555,036.20. This trade represents a 0.19 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is owned by insiders.
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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