Tributary Capital Management LLC Boosts Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in KFRC. Marshall Wace LLP bought a new stake in Kforce in the 4th quarter valued at about $6,683,000. Raymond James Financial Inc. bought a new stake in Kforce in the 4th quarter valued at about $5,146,000. Wellington Management Group LLP increased its position in Kforce by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock valued at $16,846,000 after buying an additional 79,100 shares in the last quarter. Voloridge Investment Management LLC increased its position in Kforce by 670.8% in the 4th quarter. Voloridge Investment Management LLC now owns 69,713 shares of the business services provider's stock valued at $3,953,000 after buying an additional 60,669 shares in the last quarter. Finally, Trexquant Investment LP increased its position in Kforce by 271.1% in the 4th quarter. Trexquant Investment LP now owns 78,283 shares of the business services provider's stock valued at $4,439,000 after buying an additional 57,187 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kforce

In other Kforce news, Director David L. Dunkel bought 1,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were purchased at an average price of $37.80 per share, for a total transaction of $37,800.00. Following the purchase, the director directly owned 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is owned by insiders.

Kforce Stock Down 0.1%

KFRC traded down $0.04 during midday trading on Friday, reaching $42.93. 190,743 shares of the company were exchanged, compared to its average volume of 136,486. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The company's fifty day moving average price is $41.52 and its 200 day moving average price is $46.75. The company has a market cap of $799.86 million, a price-to-earnings ratio of 16.02 and a beta of 0.75. Kforce Inc. has a one year low of $35.50 and a one year 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 for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). Kforce had a return on equity of 30.34% and a net margin of 3.59%. The business had revenue of $330.03 million during the quarter, compared to analysts' expectations of $334.61 million. During the same quarter in the previous year, the firm earned $0.58 EPS. Kforce's quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts expect that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.39 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.63%. Kforce's payout ratio is presently 61.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KFRC. Truist Financial decreased their target price on Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen lowered Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, UBS Group decreased their price objective on Kforce from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th.

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.