Annex Advisory Services LLC Has $1.50 Million Stock Position in Kforce Inc. (NASDAQ:KFRC)

Annex Advisory Services LLC increased its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 57.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,621 shares of the business services provider's stock after acquiring 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 reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kforce during the 4th quarter worth about $42,000. Tower Research Capital LLC TRC grew its position in Kforce by 147.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after buying an additional 666 shares in the last quarter. Blue Trust Inc. increased its stake in Kforce by 17.9% during the fourth 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 period. PNC Financial Services Group Inc. increased its stake in Kforce by 23.5% during 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 acquiring an additional 485 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Kforce in the 4th quarter valued at approximately $145,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kforce

In other Kforce news, Director David L. Dunkel purchased 1,000 shares of the business's stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 517,329 shares of the company's stock, valued at $19,555,036.20. This represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.40% of the company's stock.

Analyst Upgrades and Downgrades

KFRC has been the topic of several recent research reports. Truist Financial decreased their price objective on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. UBS Group reduced their target price on Kforce from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

Kforce Price Performance

NASDAQ KFRC traded up $0.29 during trading on Friday, reaching $41.34. 91,813 shares of the company traded hands, compared to its average volume of 131,673. Kforce Inc. has a 1-year low of $35.50 and a 1-year high of $71.48. 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 stock's 50 day moving average price is $42.27 and its two-hundred day moving average price is $50.15. The company has a market cap of $770.16 million, a price-to-earnings ratio of 15.43 and a beta of 0.75.

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 (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 company had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. The business's revenue was down 6.2% compared to the same quarter last year. As a group, analysts anticipate that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Friday, June 13th. Kforce's dividend payout ratio is currently 61.18%.

Kforce Company 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.