Jane Street Group LLC Cuts Position in Kforce Inc. (NASDAQ:KFRC)

Jane Street Group LLC reduced its holdings in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 60.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,236 shares of the business services provider's stock after selling 32,019 shares during the quarter. Jane Street Group LLC owned approximately 0.11% of Kforce worth $1,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Kforce by 147.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after purchasing an additional 666 shares during the period. Blue Trust Inc. lifted its stake in shares of Kforce by 17.9% during the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock valued at $111,000 after buying an additional 275 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in 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 buying an additional 485 shares during the period. QRG Capital Management Inc. purchased a new position in Kforce in the 4th quarter valued at approximately $206,000. Finally, Callan Family Office LLC bought a new stake in Kforce during the 4th quarter valued at $207,000. Hedge funds and other institutional investors own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group reduced 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. Wall Street Zen cut shares of Kforce from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Truist Financial lowered their target price 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.

Insider Transactions at Kforce

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 stock was bought at an average cost of $37.80 per share, for a total transaction of $37,800.00. Following the acquisition, the director now directly owns 517,329 shares of the company's stock, valued at $19,555,036.20. The trade was a 0.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.40% of the company's stock.

Kforce Price Performance

Shares of KFRC stock traded down $0.68 during trading on Monday, hitting $40.39. The company had a trading volume of 100,206 shares, compared to its average volume of 130,294. The stock's 50-day moving average is $43.71 and its two-hundred day moving average is $51.20. The stock 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 quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 52 week low of $35.50 and a 52 week high of $71.48.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The business services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 last year, the business posted $0.58 EPS. The business's quarterly revenue was down 6.2% compared to the same quarter last year. As a group, analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.86%. Kforce's dividend payout ratio is 61.18%.

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.