5,875 Shares in Kforce Inc. (NASDAQ:KFRC) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new position in Kforce Inc. (NASDAQ:KFRC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,875 shares of the business services provider's stock, valued at approximately $333,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KFRC. Blue Trust Inc. raised its position in shares of Kforce by 17.9% in the 4th quarter. Blue Trust Inc. now owns 1,810 shares of the business services provider's stock valued at $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% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the business services provider's stock worth $144,000 after purchasing an additional 485 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Kforce in the 4th quarter worth approximately $206,000. Callan Family Office LLC acquired a new stake in shares of Kforce in the fourth quarter worth $207,000. Finally, Heritage Family Offices LLP purchased a new stake in Kforce during the fourth quarter worth $258,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price target 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 Stock Down 12.4 %

Shares of KFRC traded down $5.31 during mid-day trading on Tuesday, hitting $37.45. 70,027 shares of the company's stock were exchanged, compared to its average volume of 121,443. 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 company has a market cap of $715.71 million, a price-to-earnings ratio of 14.08 and a beta of 0.76. The stock's 50-day moving average is $47.74 and its 200-day moving average is $53.60. Kforce Inc. has a fifty-two week low of $36.59 and a fifty-two week high of $71.48.

Kforce (NASDAQ:KFRC - Get Free Report) last released its earnings results on Monday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The company had revenue of $330.03 million during the quarter, compared to analysts' expectations of $334.61 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The company's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share. On average, sell-side analysts anticipate that Kforce Inc. will post 2.7 earnings per share for the current fiscal year.

Kforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.17%. 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%.

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.