Gallacher Capital Management LLC Purchases Shares of 14,146 Kforce Inc. (NASDAQ:KFRC)

Gallacher Capital Management LLC bought a new stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,146 shares of the business services provider's stock, valued at approximately $692,000. Gallacher Capital Management LLC owned 0.07% of Kforce as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of Kforce by 1,069.1% in the 1st quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock worth $39,000 after acquiring an additional 727 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kforce during the fourth quarter worth about $42,000. Tower Research Capital LLC TRC increased its stake in shares of Kforce by 147.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after purchasing an additional 666 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 485 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Kforce in the fourth quarter worth about $145,000. Institutional investors and hedge funds own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KFRC shares. Wall Street Zen lowered shares of Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial reduced their price target on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Finally, UBS Group cut their target price on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th.

Insider Activity at Kforce

In other news, Director David L. Dunkel bought 1,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were bought at an average price of $37.80 per share, for a total transaction of $37,800.00. Following the purchase, the director owned 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 Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by company insiders.

Kforce Stock Performance

Shares of NASDAQ:KFRC traded up $0.65 during midday trading on Thursday, reaching $45.67. 106,294 shares of the company's stock traded hands, compared to its average volume of 142,090. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $850.83 million, a price-to-earnings ratio of 17.04 and a beta of 0.75. The stock has a 50 day moving average of $41.75 and a 200 day moving average of $46.40. Kforce Inc. has a one year low of $35.50 and a one year high of $71.48.

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

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Friday, June 13th. Kforce's dividend payout ratio (DPR) is currently 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.