Kforce Inc. (NASDAQ:KFRC) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 670.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,713 shares of the business services provider's stock after buying an additional 60,669 shares during the quarter. Voloridge Investment Management LLC owned 0.37% of Kforce worth $3,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Kforce in the 4th quarter worth about $42,000. Tower Research Capital LLC TRC raised its holdings in Kforce by 147.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the business services provider's stock worth $63,000 after purchasing an additional 666 shares during the period. Blue Trust Inc. raised its holdings in Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock worth $111,000 after purchasing an additional 275 shares during the period. PNC Financial Services Group Inc. increased its stake in Kforce by 23.5% during the 4th 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 in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Kforce during the 4th quarter worth approximately $145,000. Institutional investors and hedge funds own 92.77% of the company's stock.

Insider Buying and Selling at Kforce

In related news, Director David L. Dunkel bought 1,000 shares of Kforce stock in a transaction that occurred on Monday, May 5th. The shares were purchased at an average price of $37.80 per share, with a total value of $37,800.00. Following the purchase, the director now owns 517,329 shares in the company, valued at $19,555,036.20. This represents a 0.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.40% of the stock is owned by corporate insiders.

Kforce Stock Down 0.1%

Kforce stock traded down $0.06 during midday trading on Friday, reaching $40.81. The company's stock had a trading volume of 158,294 shares, compared to its average volume of 130,912. Kforce Inc. has a fifty-two week low of $35.50 and a fifty-two week high of $71.48. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $760.29 million, a P/E ratio of 15.23 and a beta of 0.74. The business has a 50-day simple moving average of $43.08 and a 200-day simple moving average of $50.64.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results on Monday, April 28th. The business services provider reported $0.45 EPS 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 firm had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. During the same quarter last year, the firm posted $0.58 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts expect that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Dividend Announcement

The firm also recently disclosed 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, June 13th. Kforce's dividend payout ratio is presently 61.18%.

Analysts Set New Price Targets

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

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.