Wellington Management Group LLP Has $16.85 Million Holdings in Kforce Inc. (NASDAQ:KFRC)

Wellington Management Group LLP lifted its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 297,111 shares of the business services provider's stock after purchasing an additional 79,100 shares during the period. Wellington Management Group LLP owned 1.55% of Kforce worth $16,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kforce by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,257 shares of the business services provider's stock worth $2,112,000 after acquiring an additional 3,259 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in Kforce by 670.8% during the fourth quarter. Voloridge Investment Management LLC now owns 69,713 shares of the business services provider's stock worth $3,953,000 after acquiring an additional 60,669 shares in the last quarter. Vident Advisory LLC lifted its holdings in Kforce by 57.9% during the fourth quarter. Vident Advisory LLC now owns 10,644 shares of the business services provider's stock worth $604,000 after acquiring an additional 3,902 shares in the last quarter. Sovereign s Capital Management LLC bought a new position in Kforce during the fourth quarter worth about $953,000. Finally, Squarepoint Ops LLC lifted its holdings in Kforce by 912.4% during the fourth quarter. Squarepoint Ops LLC now owns 49,781 shares of the business services provider's stock worth $2,823,000 after acquiring an additional 44,864 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors.

Kforce Stock Down 0.9%

Shares of Kforce stock traded down $0.39 during trading on Thursday, reaching $40.99. The stock had a trading volume of 111,783 shares, compared to its average volume of 131,515. The company has a market capitalization of $763.59 million, a price-to-earnings ratio of 15.29 and a beta of 0.74. The stock has a fifty day moving average price of $42.43 and a two-hundred day moving average price of $50.27. Kforce Inc. has a 52 week low of $35.50 and a 52 week high of $71.48. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly 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). The firm had revenue of $330.03 million during the quarter, compared to the consensus estimate of $334.61 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. Sell-side analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The business also recently announced 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, June 13th. Kforce's dividend payout ratio is currently 61.18%.

Wall Street Analysts Forecast Growth

KFRC has been the topic of several recent analyst reports. Wall Street Zen lowered Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. UBS Group reduced their target price on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Truist Financial cut their price target on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th.

Insider Activity at Kforce

In related news, Director David L. Dunkel bought 1,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were acquired 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 owns 517,329 shares in the company, valued at $19,555,036.20. The trade was a 0.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is owned by company insiders.

Kforce 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.