Deutsche Bank AG grew its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 22.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,360 shares of the business services provider's stock after buying an additional 19,080 shares during the period. Deutsche Bank AG owned approximately 0.55% of Kforce worth $5,974,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in KFRC. Marshall Wace LLP acquired a new position in shares of Kforce in the 4th quarter valued at $6,683,000. Tributary Capital Management LLC boosted its stake in Kforce by 38.3% in the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock worth $23,980,000 after purchasing an additional 117,231 shares during the period. Raymond James Financial Inc. acquired a new position in Kforce in the 4th quarter worth $5,146,000. Proficio Capital Partners LLC acquired a new position in Kforce in the 4th quarter worth $4,951,000. Finally, Wellington Management Group LLP boosted its stake in Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after purchasing an additional 79,100 shares during the period. Institutional investors and hedge funds own 92.77% of the company's stock.
Analyst Ratings Changes
KFRC has been the subject of a number of research analyst reports. UBS Group reduced their target price on shares of Kforce from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Truist Financial reduced their target price on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of Kforce from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd.
Read Our Latest Report on Kforce
Kforce Stock Up 1.2%
KFRC traded up $0.47 on Thursday, hitting $41.08. 98,915 shares of the company were exchanged, compared to its average volume of 129,712. Kforce Inc. has a 12 month low of $35.50 and a 12 month high of $71.48. The company has a market cap of $765.30 million, a PE ratio of 15.33 and a beta of 0.74. 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 fifty day moving average is $44.31 and its 200-day moving average is $51.73.
Kforce (NASDAQ:KFRC - Get Free Report) last released its earnings results 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 the consensus estimate of $334.61 million. During the same quarter in the previous year, the company posted $0.58 EPS. The business's revenue was down 6.2% on a year-over-year basis. Equities research analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.
Kforce Announces Dividend
The business also recently announced 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 of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 3.80%. Kforce's payout ratio is presently 61.18%.
Insider Buying and Selling
In related news, Director David L. Dunkel bought 1,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average price of $37.80 per share, for a total transaction of $37,800.00. Following the completion of the acquisition, the director now owns 517,329 shares of the company's stock, valued at approximately $19,555,036.20. The trade was a 0.19% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is currently owned by corporate insiders.
Kforce Profile
(
Free Report)
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.
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