Nuveen Asset Management LLC Has $5.20 Million Stock Position in Kforce Inc. (NASDAQ:KFRC)

Nuveen Asset Management LLC lowered its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,712 shares of the business services provider's stock after selling 20,223 shares during the quarter. Nuveen Asset Management LLC owned 0.48% of Kforce worth $5,200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KFRC. Tower Research Capital LLC TRC lifted its holdings in shares of Kforce by 147.3% during 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 purchasing an additional 666 shares during the last quarter. Blue Trust Inc. lifted its stake in Kforce by 17.9% during the fourth 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 shares of Kforce by 23.5% in the fourth 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 shares of Kforce in the fourth quarter worth approximately $206,000. Finally, Callan Family Office LLC purchased a new position in shares of Kforce in the fourth quarter worth approximately $207,000. 92.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director David L. Dunkel bought 1,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $37.80 per share, for a total transaction of $37,800.00. Following the completion of the acquisition, the director now directly owns 517,329 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is owned by insiders.

Kforce Stock Up 0.2%

Kforce stock traded up $0.08 during trading hours on Wednesday, hitting $41.38. The company had a trading volume of 8,634 shares, compared to its average volume of 130,883. 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 firm has a market capitalization of $770.82 million, a P/E ratio of 15.44 and a beta of 0.74. The firm's fifty day moving average is $42.74 and its 200-day moving average is $50.45.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). Kforce had a return on equity of 30.34% and a net margin of 3.59%. The firm had revenue of $330.03 million for the quarter, compared to analysts' expectations of $334.61 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. Kforce's revenue was down 6.2% on a year-over-year basis. On average, research analysts forecast that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The firm 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 $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Friday, June 13th. Kforce's dividend payout ratio is 61.18%.

Analyst Upgrades and Downgrades

KFRC has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen cut Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, UBS Group lowered their price target on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th.

About Kforce

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.