Kforce Inc. (NASDAQ:KFRC) Stake Cut by Dark Forest Capital Management LP

Dark Forest Capital Management LP lessened its holdings in shares of Kforce Inc. (NASDAQ:KFRC) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,912 shares of the business services provider’s stock after selling 813 shares during the quarter. Dark Forest Capital Management LP’s holdings in Kforce were worth $367,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KFRC. Principal Financial Group Inc. increased its stake in Kforce by 37.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,272 shares of the business services provider’s stock valued at $694,000 after buying an additional 2,789 shares during the period. Stifel Financial Corp grew its holdings in shares of Kforce by 5.2% during the 4th quarter. Stifel Financial Corp now owns 69,578 shares of the business services provider’s stock valued at $4,701,000 after acquiring an additional 3,429 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of Kforce by 21.6% during the fourth quarter. Annex Advisory Services LLC now owns 7,274 shares of the business services provider’s stock worth $491,000 after acquiring an additional 1,290 shares in the last quarter. Virtu Financial LLC acquired a new stake in Kforce during the fourth quarter valued at $207,000. Finally, Wellington Management Group LLP boosted its position in Kforce by 151.5% during the fourth quarter. Wellington Management Group LLP now owns 62,280 shares of the business services provider’s stock valued at $4,208,000 after purchasing an additional 37,512 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $68.00.

Kforce Trading Up 0.8 %

Shares of NASDAQ:KFRC opened at $61.55 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.19 billion, a PE ratio of 21.30 and a beta of 0.88. Kforce Inc. has a 1 year low of $55.55 and a 1 year high of $74.79. The firm has a fifty day moving average price of $64.36 and a 200 day moving average price of $64.33.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The business had revenue of $356.32 million for the quarter, compared to analyst estimates of $356.20 million. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts expect that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 2.47%. Kforce’s payout ratio is presently 52.60%.

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.