Nuveen Asset Management LLC Sells 20,223 Shares of Kforce Inc. (NASDAQ:KFRC)

Nuveen Asset Management LLC lessened its stake in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,712 shares of the business services provider's stock after selling 20,223 shares during the period. Nuveen Asset Management LLC owned about 0.48% of Kforce worth $5,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gotham Asset Management LLC acquired a new stake in Kforce during the 4th quarter worth about $247,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Kforce by 46.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 32,663 shares of the business services provider's stock valued at $1,852,000 after purchasing an additional 10,416 shares during the period. Deutsche Bank AG increased its holdings in shares of Kforce by 22.1% in the 4th quarter. Deutsche Bank AG now owns 105,360 shares of the business services provider's stock valued at $5,974,000 after purchasing an additional 19,080 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Kforce in the 4th quarter valued at about $1,326,000. Finally, BOKF NA increased its holdings in shares of Kforce by 106.6% in the 4th quarter. BOKF NA now owns 9,903 shares of the business services provider's stock valued at $532,000 after purchasing an additional 5,109 shares during the period. Institutional investors and hedge funds own 92.77% of the company's stock.

Insiders Place Their Bets

In other Kforce 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 owns 517,329 shares of the company's stock, valued at $19,555,036.20. The trade was a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.40% of the company's stock.

Kforce Stock Performance

Kforce stock traded down $0.04 during trading hours on Wednesday, reaching $41.26. 91,210 shares of the company were exchanged, compared to its average volume of 131,388. The firm has a market cap of $768.67 million, a price-to-earnings ratio of 15.40 and a beta of 0.74. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $42.59 and a 200 day moving average of $50.39. Kforce Inc. has a 12 month low of $35.50 and a 12 month high of $71.48.

Kforce (NASDAQ:KFRC - Get Free Report) last announced 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 company had revenue of $330.03 million for the quarter, compared to the consensus estimate of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. As a group, research analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given 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 yield of 3.78%. Kforce's payout ratio is currently 61.18%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Truist Financial dropped their target price on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen downgraded Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, UBS Group dropped their price objective on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th.

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.