Kforce Inc. (NASDAQ:KFRC) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 40.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,219 shares of the business services provider's stock after purchasing an additional 17,053 shares during the period. Barclays PLC owned about 0.31% of Kforce worth $3,357,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew 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 valued at $111,000 after acquiring an additional 275 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Kforce by 23.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock valued at $144,000 after purchasing an additional 485 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Kforce during the 4th quarter worth approximately $206,000. Callan Family Office LLC acquired a new position in shares of Kforce during the 4th quarter worth approximately $207,000. Finally, Heritage Family Offices LLP purchased a new stake in Kforce in the 4th quarter valued at approximately $258,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group cut their price target on Kforce from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday. StockNews.com lowered shares of Kforce from a "buy" rating to a "hold" rating in a report on Friday. Finally, Truist Financial lowered their price target 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.

Kforce Trading Up 1.0 %

Kforce stock traded up $0.39 during trading on Friday, hitting $38.69. The company's stock had a trading volume of 225,651 shares, compared to its average volume of 125,623. The stock's fifty day moving average is $46.84 and its 200 day moving average is $53.10. Kforce Inc. has a 1-year low of $35.50 and a 1-year high of $71.48. The stock has a market capitalization of $739.40 million, a price-to-earnings ratio of 14.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings data 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). Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. During the same period in the prior year, the company earned $0.58 EPS. The company's revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts predict 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. Stockholders 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 4.03%. Kforce's payout ratio is 61.18%.

Kforce 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.