Kforce Inc. (NASDAQ:KFRC) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in Kforce Inc. (NASDAQ:KFRC) by 197.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,396 shares of the business services provider’s stock after acquiring an additional 1,590 shares during the period. Advisors Asset Management Inc.’s holdings in Kforce were worth $147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Kforce by 59.9% during the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after purchasing an additional 160 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in Kforce during the third quarter worth $30,000. nVerses Capital LLC boosted its stake in shares of Kforce by 50.0% during the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 300 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Kforce during the second quarter valued at $68,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Kforce by 96.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider’s stock worth $82,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on KFRC. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Truist Financial cut their price target on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, October 29th.

Kforce Trading Up 0.6 %

Shares of KFRC stock opened at $59.99 on Friday. The firm’s 50-day simple moving average is $58.36 and its 200-day simple moving average is $61.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce Inc. has a 1-year low of $52.96 and a 1-year high of $74.79. The firm has a market cap of $1.14 billion, a P/E ratio of 20.69 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The company had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. During the same quarter last year, the firm posted $0.90 earnings per share. Kforce’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts forecast that Kforce Inc. will post 2.68 EPS for the current year.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, December 6th. Kforce’s dividend payout ratio (DPR) is presently 52.41%.

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.