Kforce Inc. (NASDAQ:KFRC) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC raised its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 462,268 shares of the business services provider's stock after acquiring an additional 39,338 shares during the period. Kforce comprises about 2.0% of Tributary Capital Management LLC's investment portfolio, making the stock its 13th largest holding. Tributary Capital Management LLC owned about 2.42% of Kforce worth $22,600,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KFRC. Signaturefd LLC grew its position in Kforce by 1,069.1% during the first quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock worth $39,000 after buying an additional 727 shares in the last quarter. MQS Management LLC bought a new position in shares of Kforce in the 1st quarter valued at $589,000. Alps Advisors Inc. raised its position in Kforce by 7.7% during the 1st quarter. Alps Advisors Inc. now owns 42,503 shares of the business services provider's stock worth $2,078,000 after purchasing an additional 3,050 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Kforce by 5.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 175,433 shares of the business services provider's stock worth $8,577,000 after acquiring an additional 8,995 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Kforce by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 149,463 shares of the business services provider's stock valued at $7,307,000 after buying an additional 492 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Insider Transactions at Kforce

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

Kforce Stock Down 0.1%

Shares of NASDAQ:KFRC traded down $0.04 during trading hours on Friday, hitting $42.93. The company's stock had a trading volume of 190,743 shares, compared to its average volume of 137,129. Kforce Inc. has a 52 week low of $35.50 and a 52 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 company has a market capitalization of $799.86 million, a price-to-earnings ratio of 16.02 and a beta of 0.75. The firm's fifty day moving average price is $41.59 and its 200 day moving average price is $46.52.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The business services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm 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 company's revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. As a group, research analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, June 13th. Kforce's payout ratio is 61.18%.

Analyst Upgrades and Downgrades

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

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.