BNP Paribas Financial Markets Purchases 12,161 Shares of Kforce Inc. (NASDAQ:KFRC)

BNP Paribas Financial Markets increased its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 71.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,222 shares of the business services provider's stock after buying an additional 12,161 shares during the quarter. BNP Paribas Financial Markets owned about 0.15% of Kforce worth $1,657,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KFRC. Ameriprise Financial Inc. grew its holdings in shares of Kforce by 27.8% in the 4th quarter. Ameriprise Financial Inc. now owns 75,245 shares of the business services provider's stock worth $4,266,000 after acquiring an additional 16,378 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Kforce in the fourth quarter worth $414,000. Aptus Capital Advisors LLC boosted its position in shares of Kforce by 22.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 106,290 shares of the business services provider's stock worth $6,027,000 after buying an additional 19,475 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of Kforce in the fourth quarter worth $573,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Kforce in the fourth quarter worth $215,000. Institutional investors and hedge funds own 92.77% of the company's stock.

Kforce Stock Down 1.7%

KFRC traded down $0.68 during trading on Friday, reaching $40.39. 100,206 shares of the stock traded hands, compared to its average volume of 130,294. The stock has a market cap of $752.48 million, a price-to-earnings ratio of 15.07 and a beta of 0.74. Kforce Inc. has a fifty-two week low of $35.50 and a fifty-two week 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. The stock's 50-day simple moving average is $43.91 and its two-hundred day simple moving average is $51.42.

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

Kforce Dividend Announcement

The company also recently disclosed 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. This represents a $1.56 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, June 13th. Kforce's dividend payout ratio is currently 61.18%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group decreased 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. Wall Street Zen cut Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, 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 report on Tuesday, April 15th.

Insider Buying and Selling

In other Kforce news, Director David L. Dunkel acquired 1,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were acquired at an average cost of $37.80 per share, for a total transaction of $37,800.00. Following the completion of the purchase, the director now owns 517,329 shares of the company's stock, valued at approximately $19,555,036.20. This trade represents a 0.19% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.40% of the stock is owned by insiders.

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.