JPMorgan Chase & Co. Raises Holdings in Kforce Inc. (NASDAQ:KFRC)

JPMorgan Chase & Co. boosted its position in Kforce Inc. (NASDAQ:KFRC - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,511 shares of the business services provider's stock after purchasing an additional 10,565 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Kforce worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Kforce by 17.9% in the fourth 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 last quarter. PNC Financial Services Group Inc. raised its stake in shares of Kforce by 23.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock valued at $144,000 after acquiring an additional 485 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Kforce during the fourth quarter valued at approximately $206,000. Callan Family Office LLC bought a new stake in shares of Kforce during the fourth quarter valued at approximately $207,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Kforce during the fourth quarter valued at approximately $258,000. Institutional investors own 92.77% of the company's stock.

Analysts Set New Price Targets

Separately, Truist Financial decreased their price target on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th.

Kforce Stock Down 2.7 %

KFRC stock traded down $1.17 during trading on Monday, hitting $42.74. 245,149 shares of the company's stock traded hands, compared to its average volume of 121,507. The firm has a market capitalization of $816.80 million, a P/E ratio of 15.95 and a beta of 0.76. The business has a fifty day simple moving average of $47.74 and a two-hundred day simple moving average of $53.60. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Kforce Inc. has a 1 year low of $42.07 and a 1 year high of $71.48.

Kforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.65%. This is a positive change from Kforce's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, March 7th. Kforce's dividend payout ratio (DPR) is presently 58.21%.

About Kforce

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.