BNP Paribas Financial Markets Raises Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

BNP Paribas Financial Markets lifted its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 71.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,222 shares of the business services provider's stock after purchasing an additional 12,161 shares during the quarter. BNP Paribas Financial Markets owned about 0.15% of Kforce worth $1,657,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Kforce by 171.9% during the 3rd quarter. Barclays PLC now owns 42,166 shares of the business services provider's stock worth $2,591,000 after purchasing an additional 26,657 shares during the last quarter. Annex Advisory Services LLC lifted its stake in shares of Kforce by 59.2% during the fourth quarter. Annex Advisory Services LLC now owns 19,436 shares of the business services provider's stock worth $1,102,000 after buying an additional 7,225 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Kforce by 2.1% during the fourth 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 last quarter. Inspire Investing LLC grew its holdings in shares of Kforce by 5.9% during the fourth 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 last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Kforce by 6.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the business services provider's stock valued at $292,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 92.77% of the company's stock.

Insiders Place Their Bets

In other news, Director David L. Dunkel bought 1,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost of $37.80 per share, with a total value of $37,800.00. Following the acquisition, the director now directly owns 517,329 shares in the company, valued at $19,555,036.20. This trade represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.40% of the company's stock.

Kforce Stock Performance

Shares of Kforce stock traded up $0.47 during trading on Thursday, hitting $41.08. 98,915 shares of the company's stock were exchanged, compared to its average volume of 129,712. The stock has a market capitalization of $765.30 million, a price-to-earnings ratio of 15.33 and a beta of 0.74. The business has a 50-day simple moving average of $44.31 and a 200-day simple moving average of $51.73. Kforce Inc. has a 52-week low of $35.50 and a 52-week 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.

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 analysts' consensus estimates of $0.48 by ($0.03). Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company had revenue of $330.03 million for the quarter, compared to analysts' expectations of $334.61 million. During the same quarter in the previous year, the business posted $0.58 EPS. The business's quarterly revenue was down 6.2% on a year-over-year basis. On average, research analysts forecast that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, June 13th. Kforce's payout ratio is presently 61.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on KFRC shares. UBS Group lowered their price target on Kforce from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Truist Financial reduced their price objective on 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 Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

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.