Vaughan Nelson Investment Management L.P. raised its holdings in Kforce Inc. (NASDAQ:KFRC - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 639,688 shares of the business services provider's stock after buying an additional 29,840 shares during the period. Vaughan Nelson Investment Management L.P. owned 3.24% of Kforce worth $43,217,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KFRC. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Kforce in the 1st quarter valued at $126,009,000. Copeland Capital Management LLC grew its position in shares of Kforce by 121.6% in the 3rd quarter. Copeland Capital Management LLC now owns 532,947 shares of the business services provider's stock valued at $31,796,000 after acquiring an additional 292,403 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kforce by 97.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 586,889 shares of the business services provider's stock valued at $37,115,000 after acquiring an additional 289,832 shares during the period. Wells Fargo & Company MN grew its position in shares of Kforce by 599.7% in the 2nd quarter. Wells Fargo & Company MN now owns 301,833 shares of the business services provider's stock valued at $18,913,000 after acquiring an additional 258,697 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Kforce by 325.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 296,439 shares of the business services provider's stock valued at $18,183,000 after acquiring an additional 226,722 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.
Kforce Stock Performance
Shares of KFRC stock traded up $0.43 during midday trading on Friday, hitting $68.42. 60,774 shares of the company were exchanged, compared to its average volume of 98,343. The firm has a market capitalization of $1.34 billion, a P/E ratio of 21.86 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37. The firm's 50 day moving average price is $69.25 and its two-hundred day moving average price is $65.85. Kforce Inc. has a 52 week low of $50.89 and a 52 week high of $74.79.
Kforce (NASDAQ:KFRC - Get Free Report) last announced its earnings results on Monday, February 5th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $363.45 million during the quarter, compared to the consensus estimate of $363.29 million. Kforce had a net margin of 3.99% and a return on equity of 38.24%. Kforce's revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities research analysts anticipate that Kforce Inc. will post 3.02 earnings per share for the current year.
Kforce Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. This is an increase from Kforce's previous quarterly dividend of $0.36. Kforce's payout ratio is currently 48.56%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Robert W. Baird lifted their price objective on shares of Kforce from $62.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 6th. StockNews.com downgraded shares of Kforce from a "buy" rating to a "hold" rating in a research report on Tuesday, February 6th. Finally, Truist Financial lifted their price objective on shares of Kforce from $57.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $68.33.
Read Our Latest Research Report on KFRC
About Kforce
(
Free Report)
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.
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