Kforce Inc. (NASDAQ:KFRC) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,438 shares of the business services provider's stock after acquiring an additional 19,220 shares during the quarter. Envestnet Asset Management Inc. owned 0.87% of Kforce worth $9,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KFRC. Blue Trust Inc. lifted its stake in shares of 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 during the period. PNC Financial Services Group Inc. raised its position in 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 worth $144,000 after acquiring an additional 485 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Kforce during the 4th quarter worth $206,000. Callan Family Office LLC purchased a new stake in shares of Kforce in the 4th quarter worth $207,000. Finally, Heritage Family Offices LLP purchased a new stake in shares of Kforce in the 4th quarter worth $258,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their price objective on Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th.

Kforce Trading Down 1.6 %

Shares of KFRC traded down $0.71 during midday trading on Thursday, hitting $43.91. The stock had a trading volume of 20,423 shares, compared to its average volume of 120,168. The stock's 50 day moving average is $48.09 and its 200 day moving average is $53.89. The firm has a market cap of $839.07 million, a PE ratio of 16.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a 1 year low of $42.11 and a 1 year high of $71.48.

Kforce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.39 dividend. This is a positive change from Kforce's previous quarterly dividend of $0.38. The ex-dividend date was Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.55%. Kforce's payout ratio is presently 58.21%.

About Kforce

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.