Kforce Inc. (NASDAQ:KFRC) Shares Bought by Annex Advisory Services LLC

Annex Advisory Services LLC raised its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 57.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,621 shares of the business services provider's stock after buying an additional 11,185 shares during the quarter. Annex Advisory Services LLC owned about 0.16% of Kforce worth $1,497,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KFRC. Heritage Family Offices LLP increased its position in Kforce by 21.7% in the 1st quarter. Heritage Family Offices LLP now owns 5,545 shares of the business services provider's stock valued at $271,000 after buying an additional 987 shares in the last quarter. Rhumbline Advisers increased its stake in Kforce by 18.1% in the 1st quarter. Rhumbline Advisers now owns 47,349 shares of the business services provider's stock valued at $2,315,000 after buying an additional 7,256 shares during the last quarter. GAMMA Investing LLC boosted its position in Kforce by 21,725.0% in the first quarter. GAMMA Investing LLC now owns 6,111 shares of the business services provider's stock worth $299,000 after purchasing an additional 6,083 shares during the last quarter. Wellington Management Group LLP raised its position in Kforce by 36.3% in the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after acquiring an additional 79,100 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kforce by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,257 shares of the business services provider's stock valued at $2,112,000 after purchasing an additional 3,259 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KFRC shares. Wall Street Zen cut Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial lowered their target price on shares of Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Finally, UBS Group reduced their price objective on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report 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 stock was acquired at an average cost of $37.80 per share, with a total value of $37,800.00. Following the transaction, the director now directly owns 517,329 shares in the company, valued at approximately $19,555,036.20. This trade represents a 0.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by insiders.

Kforce Stock Up 0.6%

KFRC stock traded up $0.23 on Monday, reaching $41.57. 136,752 shares of the company traded hands, compared to its average volume of 131,901. The firm has a fifty day simple moving average of $42.11 and a 200-day simple moving average of $49.92. The company has a market cap of $774.47 million, a P/E ratio of 15.51 and a beta of 0.75. Kforce Inc. has a one year low of $35.50 and a one year 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.

Kforce (NASDAQ:KFRC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $330.03 million for the quarter, compared to analysts' expectations 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 period in the previous year, the firm earned $0.58 earnings per share. Research analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.75%. Kforce's payout ratio is presently 61.18%.

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.