Two Sigma Investments LP grew its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 81.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,826 shares of the business services provider's stock after acquiring an additional 35,722 shares during the quarter. Two Sigma Investments LP owned about 0.42% of Kforce worth $4,526,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Kforce during the fourth quarter valued at $6,683,000. Raymond James Financial Inc. purchased a new stake in Kforce in the 4th quarter valued at about $5,146,000. Proficio Capital Partners LLC bought a new position in Kforce in the 4th quarter worth about $4,951,000. Wellington Management Group LLP grew 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 acquiring an additional 79,100 shares in the last quarter. Finally, Trexquant Investment LP increased its position in shares of Kforce by 271.1% during the fourth quarter. Trexquant Investment LP now owns 78,283 shares of the business services provider's stock worth $4,439,000 after acquiring an additional 57,187 shares during the period. Institutional investors own 92.77% of the company's stock.
Kforce Stock Down 0.1%
Shares of KFRC traded down $0.06 during mid-day trading on Friday, hitting $40.81. The company's stock had a trading volume of 158,294 shares, compared to its average volume of 130,912. 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 company's 50-day moving average is $43.08 and its 200-day moving average is $50.64. Kforce Inc. has a 52-week low of $35.50 and a 52-week high of $71.48. The firm has a market capitalization of $760.29 million, a price-to-earnings ratio of 15.23 and a beta of 0.74.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The company had revenue of $330.03 million during the quarter, compared to analysts' expectations of $334.61 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, equities research analysts forecast that Kforce Inc. will post 2.7 EPS for the current fiscal year.
Kforce Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.39 dividend. 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 3.82%. Kforce's dividend payout ratio is presently 61.18%.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Truist Financial lowered their price target on Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. UBS Group decreased their target price on Kforce from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.
View Our Latest Stock Analysis on KFRC
Insider Buying and Selling at Kforce
In other news, Director David L. Dunkel bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average price of $37.80 per share, with a total value of $37,800.00. Following the completion of the transaction, the director now directly owns 517,329 shares of the company's stock, valued at approximately $19,555,036.20. The trade was a 0.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.40% of the company's stock.
Kforce Company Profile
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Free Report)
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.
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