Two Sigma Advisers LP Raises Stock Holdings in Kforce Inc. (NASDAQ:KFRC)

Two Sigma Advisers LP increased its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 170.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,800 shares of the business services provider's stock after purchasing an additional 16,900 shares during the period. Two Sigma Advisers LP owned 0.14% of Kforce worth $1,520,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Kforce by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider's stock valued at $43,033,000 after acquiring an additional 39,800 shares during the period. Geode Capital Management LLC lifted its holdings in Kforce by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 482,199 shares of the business services provider's stock worth $27,346,000 after purchasing an additional 1,720 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $16,846,000 after purchasing an additional 79,100 shares during the period. Northern Trust Corp boosted its stake in Kforce by 5.6% in the 4th quarter. Northern Trust Corp now owns 258,765 shares of the business services provider's stock worth $14,672,000 after purchasing an additional 13,811 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Kforce by 13.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 166,438 shares of the business services provider's stock valued at $9,437,000 after buying an additional 19,220 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.

Insiders Place Their Bets

In related news, Director David L. Dunkel bought 1,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was purchased at an average price of $37.80 per share, for a total transaction of $37,800.00. Following the acquisition, the director now owns 517,329 shares in the company, valued at $19,555,036.20. This trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by insiders.

Kforce Price Performance

NASDAQ:KFRC traded down $0.04 during trading hours on Wednesday, reaching $41.26. The stock had a trading volume of 91,210 shares, compared to its average volume of 131,388. The stock has a market capitalization of $768.67 million, a PE ratio of 15.40 and a beta of 0.74. Kforce Inc. has a 52 week low of $35.50 and a 52 week high of $71.48. The company has a 50 day moving average price of $42.59 and a two-hundred day moving average price of $50.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

Kforce (NASDAQ:KFRC - Get Free Report) last announced its quarterly earnings results 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 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 the consensus estimate of $334.61 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The company's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 3.78%. Kforce's dividend payout ratio is currently 61.18%.

Analysts Set New Price Targets

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

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.