Dimensional Fund Advisors LP Has $35.80 Million Position in Kforce Inc. (NASDAQ:KFRC)

Dimensional Fund Advisors LP reduced its position in shares of Kforce Inc. (NASDAQ:KFRC - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,432 shares of the business services provider's stock after selling 39,054 shares during the quarter. Dimensional Fund Advisors LP owned 3.31% of Kforce worth $35,802,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Kforce by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 758,963 shares of the business services provider's stock valued at $43,033,000 after purchasing an additional 39,800 shares during the period. Geode Capital Management LLC raised its stake in Kforce by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 482,199 shares of the business services provider's stock valued at $27,346,000 after buying an additional 1,720 shares during the period. Tributary Capital Management LLC lifted its position in shares of Kforce by 38.3% in the fourth quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock valued at $23,980,000 after buying an additional 117,231 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Kforce by 36.3% in the fourth quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock valued at $16,846,000 after buying an additional 79,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Kforce by 13.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 166,438 shares of the business services provider's stock worth $9,437,000 after acquiring an additional 19,220 shares during the period. Institutional investors and hedge funds own 92.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KFRC. Truist Financial reduced their price objective on shares of Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. UBS Group lowered their price target 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. Finally, StockNews.com downgraded shares of Kforce from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

Kforce Stock Performance

NASDAQ:KFRC traded up $2.00 during mid-day trading on Thursday, reaching $39.66. 207,538 shares of the company's stock were exchanged, compared to its average volume of 127,278. Kforce Inc. has a one year low of $35.50 and a one year high of $71.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The business's fifty day simple moving average is $46.10 and its two-hundred day simple moving average is $52.74. The firm has a market capitalization of $738.90 million, a PE ratio of 14.80 and a beta of 0.74.

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). Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company had revenue of $330.03 million during the quarter, compared to the consensus estimate of $334.61 million. During the same quarter in the previous year, the business posted $0.58 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. Analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 3.93%. Kforce's dividend payout ratio is currently 61.18%.

Insider Activity at Kforce

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, with a total value of $37,800.00. Following the completion of the acquisition, the director now owns 517,329 shares of the company's stock, valued at $19,555,036.20. The trade was a 0.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.40% of the stock is currently owned by 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.