Marshall Wace LLP Takes $6.68 Million Position in Kforce Inc. (NASDAQ:KFRC)

Marshall Wace LLP purchased a new stake in Kforce Inc. (NASDAQ:KFRC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 117,866 shares of the business services provider's stock, valued at approximately $6,683,000. Marshall Wace LLP owned 0.62% of Kforce as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KFRC. Tributary Capital Management LLC raised its holdings in Kforce by 38.3% during the 4th quarter. Tributary Capital Management LLC now owns 422,930 shares of the business services provider's stock worth $23,980,000 after buying an additional 117,231 shares during the period. Raymond James Financial Inc. bought a new stake in Kforce in the 4th quarter valued at $5,146,000. Proficio Capital Partners LLC acquired a new position in Kforce in the 4th quarter worth $4,951,000. Wellington Management Group LLP increased its holdings in Kforce by 36.3% during the 4th quarter. Wellington Management Group LLP now owns 297,111 shares of the business services provider's stock worth $16,846,000 after purchasing an additional 79,100 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Kforce by 271.1% in the 4th quarter. Trexquant Investment LP now owns 78,283 shares of the business services provider's stock valued at $4,439,000 after purchasing an additional 57,187 shares during the period. 92.77% of the stock is owned by institutional investors and hedge funds.

Kforce Stock Performance

Shares of Kforce stock traded down $6.30 during trading on Tuesday, hitting $36.47. 109,025 shares of the stock were exchanged, compared to its average volume of 121,535. Kforce Inc. has a 1-year low of $36.08 and a 1-year high of $71.48. The stock has a market capitalization of $696.88 million, a price-to-earnings ratio of 13.54 and a beta of 0.76. The company has a fifty day moving average price of $47.74 and a 200-day moving average price of $53.60. 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 posted its earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share 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 business had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm's revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.39 dividend. This is a boost from Kforce's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Friday, March 7th. Kforce's dividend payout ratio is currently 58.21%.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their target price on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a research note 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.