Squarepoint Ops LLC Buys 44,864 Shares of Kforce Inc. (NASDAQ:KFRC)

Squarepoint Ops LLC boosted its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 912.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,781 shares of the business services provider's stock after buying an additional 44,864 shares during the quarter. Squarepoint Ops LLC owned approximately 0.26% of Kforce worth $2,823,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kforce during the 4th quarter worth about $42,000. Tower Research Capital LLC TRC raised its stake in shares of Kforce by 147.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock valued at $63,000 after acquiring an additional 666 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Kforce by 17.9% in 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 last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Kforce by 23.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock worth $144,000 after acquiring an additional 485 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Kforce during the 4th quarter worth approximately $145,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KFRC has been the topic of several research analyst reports. UBS Group decreased their target price on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Truist Financial reduced their price objective on shares of Kforce from $58.00 to $50.00 and set a "hold" rating on the stock 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.

Insider Buying and Selling at Kforce

In other news, Director David L. Dunkel acquired 1,000 shares of Kforce stock in a transaction dated Monday, May 5th. The stock was bought at an average cost of $37.80 per share, with a total value of $37,800.00. Following the completion of the transaction, the director now directly owns 517,329 shares of the company's stock, valued at approximately $19,555,036.20. This represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.40% of the company's stock.

Kforce Trading Down 0.1%

Shares of NASDAQ KFRC traded down $0.06 during midday trading on Friday, reaching $40.81. 158,294 shares of the stock were exchanged, compared to its average volume of 130,912. Kforce Inc. has a 12 month low of $35.50 and a 12 month high of $71.48. The company has a market capitalization of $760.29 million, a price-to-earnings ratio of 15.23 and a beta of 0.74. 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 business has a 50-day simple moving average of $43.08 and a two-hundred day simple moving average of $50.64.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results 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 business had revenue of $330.03 million during 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%. The firm's revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, June 13th. Kforce's dividend payout ratio (DPR) is presently 61.18%.

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.