Annex Advisory Services LLC Acquires 572 Shares of Kforce Inc. (NASDAQ:KFRC)

Annex Advisory Services LLC raised its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 7.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,846 shares of the business services provider’s stock after acquiring an additional 572 shares during the quarter. Annex Advisory Services LLC’s holdings in Kforce were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KFRC. SRS Capital Advisors Inc. boosted its holdings in shares of Kforce by 420.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock valued at $30,000 after buying an additional 362 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Kforce in the 4th quarter valued at approximately $207,000. Personal CFO Solutions LLC acquired a new stake in shares of Kforce in the 3rd quarter valued at approximately $218,000. Heritage Wealth Management LLC acquired a new stake in shares of Kforce in the 4th quarter valued at approximately $243,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Kforce in the 4th quarter valued at approximately $251,000. 92.77% of the stock is owned by institutional investors.

Kforce Trading Up 0.5 %

Shares of Kforce stock opened at $62.43 on Wednesday. The business has a fifty day simple moving average of $62.68 and a two-hundred day simple moving average of $66.26. Kforce Inc. has a 1 year low of $53.75 and a 1 year high of $74.79. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 19.11 and a beta of 0.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.32 and a quick ratio of 2.32.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, April 29th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Kforce had a return on equity of 36.39% and a net margin of 3.78%. The business had revenue of $351.89 million during the quarter, compared to the consensus estimate of $354.92 million. During the same quarter last year, the firm posted $0.82 EPS. The company’s quarterly revenue was down 13.3% on a year-over-year basis. Research analysts forecast that Kforce Inc. will post 2.82 EPS for the current year.

Kforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, June 14th. Kforce’s dividend payout ratio is 52.60%.

Insider Transactions at Kforce

In other news, CEO Joseph J. Liberatore sold 6,638 shares of Kforce stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $62.02, for a total transaction of $411,688.76. Following the completion of the sale, the chief executive officer now owns 213,689 shares of the company’s stock, valued at $13,252,991.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Joseph J. Liberatore sold 6,638 shares of Kforce stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $62.02, for a total transaction of $411,688.76. Following the completion of the sale, the chief executive officer now owns 213,689 shares of the company’s stock, valued at $13,252,991.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark F. Furlong sold 5,000 shares of Kforce stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $61.70, for a total value of $308,500.00. Following the sale, the director now directly owns 26,297 shares of the company’s stock, valued at approximately $1,622,524.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,439 shares of company stock valued at $1,015,114. 5.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Robert W. Baird cut their price objective on Kforce from $72.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Kforce has a consensus rating of “Hold” and a consensus price target of $68.00.

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.