Deutsche Bank AG Buys 19,080 Shares of Kforce Inc. (NASDAQ:KFRC)

Deutsche Bank AG boosted its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 22.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,360 shares of the business services provider's stock after acquiring an additional 19,080 shares during the quarter. Deutsche Bank AG owned 0.55% of Kforce worth $5,974,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KFRC. Barclays PLC lifted its position in Kforce by 171.9% in the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock valued at $2,591,000 after acquiring an additional 26,657 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in shares of Kforce by 59.2% during the 4th quarter. Annex Advisory Services LLC now owns 19,436 shares of the business services provider's stock valued at $1,102,000 after buying an additional 7,225 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Kforce by 2.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 34,523 shares of the business services provider's stock valued at $1,957,000 after buying an additional 708 shares during the period. Inspire Investing LLC lifted its holdings in shares of Kforce by 5.9% during the 4th quarter. Inspire Investing LLC now owns 7,067 shares of the business services provider's stock valued at $401,000 after buying an additional 394 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Kforce by 6.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider's stock valued at $292,000 after buying an additional 293 shares during the period. 92.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Kforce Stock Performance

Kforce stock traded down $0.68 during trading on Friday, reaching $40.39. The company had a trading volume of 100,206 shares, compared to its average volume of 130,294. Kforce Inc. has a 52 week low of $35.50 and a 52 week high of $71.48. The firm's 50-day simple moving average is $43.91 and its 200 day simple moving average is $51.42. The firm has a market capitalization of $752.48 million, a price-to-earnings ratio of 15.07 and a beta of 0.74. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its earnings results 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 return on equity of 30.34% and a net margin of 3.59%. The company had revenue of $330.03 million during the quarter, compared to the consensus estimate of $334.61 million. During the same period in the prior year, the business posted $0.58 earnings per share. Kforce's revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 3.86%. Kforce's payout ratio is presently 61.18%.

Insiders Place Their Bets

In other Kforce news, Director David L. Dunkel purchased 1,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was acquired at an average price of $37.80 per share, for a total transaction of $37,800.00. Following the purchase, the director now owns 517,329 shares of the company's stock, valued at approximately $19,555,036.20. This represents a 0.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is currently owned by company insiders.

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.