Rhumbline Advisers Has $2.44 Million Holdings in Kforce Inc. (NASDAQ:KFRC)

Rhumbline Advisers lessened its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,213 shares of the business services provider’s stock after selling 898 shares during the period. Rhumbline Advisers owned 0.20% of Kforce worth $2,436,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Kforce by 14.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 732,868 shares of the business services provider’s stock worth $51,682,000 after purchasing an additional 93,180 shares during the period. SG Americas Securities LLC acquired a new position in shares of Kforce during the second quarter worth $718,000. Sei Investments Co. lifted its holdings in shares of Kforce by 36.1% during the first quarter. Sei Investments Co. now owns 45,459 shares of the business services provider’s stock worth $3,207,000 after purchasing an additional 12,050 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Kforce by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 999,557 shares of the business services provider’s stock worth $67,530,000 after purchasing an additional 40,527 shares during the period. Finally, Hantz Financial Services Inc. acquired a new position in shares of Kforce during the second quarter worth $1,488,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Kforce Price Performance

Shares of NASDAQ KFRC opened at $62.56 on Thursday. Kforce Inc. has a twelve month low of $55.55 and a twelve month high of $74.79. The firm has a fifty day simple moving average of $64.85 and a 200 day simple moving average of $64.78. The company has a market capitalization of $1.22 billion, a PE ratio of 21.65 and a beta of 0.88. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22.

Kforce (NASDAQ:KFRC) last announced its earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The business had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. During the same quarter last year, the firm earned $0.95 earnings per share. Kforce’s quarterly revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Kforce Inc. will post 2.7 EPS for the current year.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, September 13th. Kforce’s dividend payout ratio is presently 52.60%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.00.

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.